Following last years October 2018 budget the new National Minimum Wage (NMW) rates effective from 6th April 2019 are as follows;
All employers will need to ensure compliance with the above rates as penalties will be up to £20,000 per employee in the new tax year.
Directors can also be banned from running a company for up to 15 years if found guilty.
Other Statutory rate increases
Other increases for the new tax year are noted below.
To speak to us about this or any other payroll legislation please don’t hesitate to contact us on firstname.lastname@example.org