New National Minimum Wage and National Living Wage rates will come into effect on 1 April 2021. These changes will see the National Living Wage increase by 19p to an hourly rate of £8.91 and the National Minimum Wage will increase to £8.36 (a rise of 16p). There are also increases in the other minimum wage thresholds.
There are special rules to check that salaried workers who receive an annual salary are being paid at least the equivalent of the minimum wage.
HMRC’s guidance states that someone is undertaking salaried hours work if all of the following apply:
Once you know how many basic hours are relevant you can calculate if the employees are being paid at least the minimum wage to which they are entitled.
There are penalties for employers that are found to have underpaid their workers and, in some cases, there may be criminal prosecutions.
27/03/2024 - More...
HMRC has been forced into an embarrassing climbdown on plans to close the Self-Assessment, VAT and PAYE helplines from
27/03/2024 - More...
Earlier this month, saw the 10th anniversary of the StepChange Debt Charity’s annual Debt Awareness Week. This is
27/03/2024 - More...
The rules for individuals providing services via an intermediary such as a personal service company (PSC) are complex.
With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!
» Sign up for the Newsletter
» Login