Freebies
1st Friday
Tax Chat
News
App

Changes to National Minimum Wage

Changes to National Minimum Wage

On 1 October 2016, the National Minimum Wage rates will increase. All employers need to make sure they are ready for this change.

Employers who don’t pay National Minimum Wage rates could be liable to pay the arrears plus penalties. They will also be named publicly via a government press release.

According to figures released by HMRC, they have investigated more than 70,000 employers and last month almost 200 were named.

The hourly rate for National Minimum Wage depends on the age of the employee and whether he/she is an apprentice. Please click this link for details of the rate increases.

https://www.gov.uk/government/news/the-government-accepts-minimum-wage-rate-recommendations–2

Remember also that there are exclusions from the National Minimum Wage for company directors and those who are self-employed.

For more information, please contact Lesley Sutton on 01484 550037 or email lesley.sutton@revellward.co.uk.

Share Button