Minimum Wage Increases

author-blog
mattison
AUTHOR
date-blog
March 18, 2020
PUBLISHED
category-blog
CATEGORY

Now is the time to review your staff salaries.  From 1 April 2022 the National Minimum Wage is increasing:

Aged 23 and over increasing to £9.50

21-22 year olds increasing to £9.18

18-20 year olds increasing to £6.83

16-17 Year olds increasing to £4.81

Apprentices increasing to £4.81

A review of young employees’ salaries should also be undertaken at the time of their birthday – do they require an increase?

If HMRC finds that an employer has not paid at least the minimum wage, they can send a notice of arrears plus issue a penalty for not paying the correct rate of pay.

HMRC can also take employers to civil court. The maximum fine for non-payment is £20,000 per worker. Employers who fail to pay can be named publicly and banned from being a company director for up to 15 years.

Reader Interactions

Leave a Reply

Your email address will not be published.

You might also like

Minimum Wage Increases
Now is the time to review your staff salaries.  From 1 April 2022 the National Minimum Wage is increasing: Aged...
Read More

Working on your business and personal tax affairs together