London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

The high cost of the low cost option

A new team of compliance officers in HMRC will be investigating the most serious cases of employers not paying the right amounts of National Minimum Wage (NMW) and National Living Wage (NLW) which comes in to effect from April 2016.  In addition no compliance can result in increased levels of penalties. The penalty for non payment of NLW will be 200% of the amount owed, unless the arrears have been settled within 14 days up to a maximum of £20,000 per worker.

It should be noted that anyone found guilty will be considered for disqualification from being a company director for 15 years.  Company directors would be well advised to ensure someone is reviewing pay rates are/will be compliant.

 

 

Date: 2nd February, 2016
Author: Jacqui Gudgion

SHARE THIS

Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

Chartered accountants @mercerhole has helped an organisation to preserve more than 190 jobs chambermk.co.uk/news/mercer-ho…

Click here to see photographs from our London Christmas Reception at @plaisterershall bit.ly/2j36ZvJ pic.twitter.com/j4NZWVw8RM

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn