Efficient Accounting

Technology with
professional support

Enter Cloud

Existing Clients

Secure access to your
documents and data

Secure Login Fee Payment

James de Frias

Providing quality support
in a timely manner

Our Services

Communication /

PhoneEmailMap

Get In touch

Cloud Solutions

Client Login

Services

Contact

 

NMW and NLW increases take effect

Newsletter issue - April 2018.

New rates for the National Minimum Wage (NMW) and National Living Wage (NLW) (aged 25 and over) apply from 1 April 2018, and employers must ensure that they implement them accordingly. The rates are as follows:

  • 25 and over - £7.83 per hour;
  • 21 - to 24-year-olds - £7.38 an hour;
  • 18 - to 20-year-olds - £5.90 an hour;
  • under 18s - £4.20 an hour; and
  • Apprentice rate - £3.70 an hour.

Severe penalties may be imposed for failure to comply with NMW/NLW obligations. Broadly, the penalty percentage which may be imposed for non-compliance is now 200%. The maximum penalty is a hefty £20,000 per worker, although it may be reduced by 50% if the unpaid wages and the penalty are paid within 14 days.

For further information on the NMW, see the GOV.UK website at https://www.gov.uk/national-minimum-wage-rates.

RECEIVE OUR NEWSLETTER IN YOUR INBOX

Newsletter

BOOK A FREE, NO OBLIGATION QUOTATION

Receive a competitive fixed quote normally provided at the meeting for your consideration

Book a Free Consultation