08 Mar Are you paying the new NMW rates correctly – live HMRC webinars
On 1 April 2023, the government will increase 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 our 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 for your clients’ than just paying their workers the right rate. Some common causes of underpayment, include:
• deductions and payments
• unpaid working time
• incorrect use of the apprenticeship rates
Last year, we recovered £16.8 million arrears for 155,000 workers and issued a total of 696 penalties amounting to £13 million.