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