Business News
NMW Changes
HMRC have announced that some changes to penalties and calculation of
arrears of National Minimum Wage (NMW) payments have been delayed to April
2009. The delay is apparently due to the slower than expected passage through
parliament of the Employment Bill.
The changes deal with HMRC powers, in particular giving powers to remove
records from business premises and more significantly a change to the way
in which underpayments or arrears of NMW payments to employees are calculated.
From April 2009 NMW arrears will need to be calculated by reference to
the current rate of NMW rather than the rate of NMW in force at the time
of the underpayment.
Internet link -
Employers
Bulletin
