Are you paying the new NMW rates correctly – live HMRC webinars
Date: Monday 06 March 2023
On 1 April 2023, the government will be increasing the National Living Wage (NLW) for workers aged 23 years and over by 9.7% to £10.42. This 92 pence increase is the largest ever cash increase to the NLW. Changes to the other National Minimum Wage (NMW) rates can be found on GOV.UK.
You can find out more by joining one of HMRC's live webinars that are taking place throughout March, where a panel of experts will be on hand to answer questions.
How to make sure you are paying the new rates correctly
Paying the NMW can be more complex than just paying your workers the right rate. Some common causes of underpayment include:
• deductions and payments
• unpaid working time
• incorrect use of the apprenticeship rates
Last year, HMRC recovered £16.8 million arrears for 155,000 workers and issued a total of 696 penalties amounting to £13 million relating to underpayments to employees.
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Membership of IAAF brings about some excellent networking opportunities and we work closely with the association to ensure the work it does is known throughout the supply chain
Steve Dunn
Exol Lubricants