National Minimum Wage and National Living Wage Increase from 1st April 2017
On the 1st of April 2017, the national minimum and living wage will increase.
Exemptions to the NMW/NLW
· Self Employed
· Company Directors
· Volunteers or Voluntary workers
It is against the law for employers to pay workers less than the National Minimum Wage or to falsify payment records. The penalty for non-payment will be 200% of the amount owed. The maximum fine for non-payment will be £20,000 per worker. However, employers who fail to pay will be banned from being a company director for up to 15 years.
Our software automatically keeps up with any changes to the National Minimum Wage and ensures that our clients are fully compliant.