Employers are being warned to keep up to date with minimum wage changes and penalties.
With the government offering an early preview of what is to come from the Treasury, the introduction of tougher penalties for employers not paying workers the minimum wage or the soon-to-be introduced National Living Wage didn’t go unnoticed.
As an experienced accountancy practice serving Swansea, Cardiff, Haverfordwest, Pembroke, Carmarthen and St David’s, Bevan & Buckland has made it their duty to keep employers informed about what to expect from the National Living Wage and its enforcement next April.
“With the introduction of the National Living Wage in 2016 and the new minimum wage, set to increase from £6.50 to £6.70 next month, it’s safe to say that the payroll world is changing for businesses up and down the country,” said Tina Davies, Payroll Manager at Bevan & Buckland.
“But it is the enforcement of both the National Living Wage and the minimum wage that is sending shockwaves throughout a number of industry sectors.”
The government recently announced that it plans to double the enforcement budget for non-payment of the National Living Wage and the National Minimum Wage.
Penalties for non-payment will doubled, from 100 per cent of arrears owed to 200 per cent, whilst a brand new team within HMRC will pursue criminal prosecutions for those deliberately not paying workers correctly.
“Enforcement doesn’t end there; HMRC will also be granted the power to disqualify employers from being company directors for up to 15 years,” warned Tina.
“We keep abreast of the latest developments in payroll so you don’t have to, so seeking advice from our payroll department is always recommended for businesses that are unsure about the new tax year changes to the minimum wage and its enforcement. Visit us in branch or contact our Swansea, Pembroke or Haverfordwest offices today to discover more about our payroll bureau service.”
For further information about how Bevan and Buckland can help your company with management of the payroll contact Tina Davies on 01792 410100 or by email at help@bevanbuckland.co.uk.
Tina Davies
MCIPP(dip) Member Chartered Institute of Payroll Professionals
Tina Davies is manager of Bevan & Buckland’s Swansea Payroll Department, we also operate a payroll bureau service from the firm’s Pembroke and Haverfordwest offices.
http://www.bevanbuckland.co.uk/services/payroll Tel: 01792 410117
Bevan & Buckland Accountants Swansea Tel: 01792 410100
Bevan & Buckland Accountants Haverfordwest Tel: 01437 760666
Bevan & Buckland Accountants Pembroke Tel: 01646 682383
Bevan & Buckland Accountants Carmarthen Tel: 01267 233115
Bevan & Buckland Accountants St David’s Tel: 01437 720352