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.
Simon Coles & Co, PO Box 600, London, WC1H 0XB
Telephone & Fax: 020 7278 5447 Email: info@simoncoles.co.uk
Simon Coles & Co is a trading name of Simon Coles Limited - Company Reg.: 4489932
Registered to carry on audit work by the Institute of Chartered Accountants in England and Wales
