Paying the new National Minimum Wage 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.  (Note that workers must be at least of school leaving age to get the National Minimum Wage and aged 23 to get the National Living Wage – the minimum wage will still apply for workers aged 22 and under.)

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. 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

Register here  for a webinar.

Last year, HMRC recovered £16.8 million arrears for 155,000 workers and issued a total of 696 penalties amounting to £13 million.