The government is increasing the National Minimum and National Living Wage rates on 1 April 2018. This includes the largest increases in a decade for the rates that apply to 18-20 and 21-24 year olds.
As the minimum wage increases more employers than ever will be directly affected, including those who currently pay above the minimum.
You can view the new rates on the GOV.UK webpage National Minimum Wage and National Living Wage rates, and see if any changes need to be made.
For those requiring more information on this or other payroll related issues please contact
t: 01245 254245
t: 01268 983898
t: 01702 606831
This is intended as a summary and overview of the tax situation and does not constitute financial advice and no action should be taken without first seeking professional advice specific to your circumstances.