National Minimum Wage and National Living Wage issues are being reported almost daily due to increased activity from HMRC, which is pursuing companies for breaches of these regulations. The consequences of being found to be non-compliant are costly and damaging to reputation.
Enforcement action taken by HMRC includes demanding payment of arrears going back six years, penalties of up to 200% of the arrears payments, possible criminal sanctions and referral to the government for public naming and shaming. For many businesses, these are potentially large levels of financial liability.
The consequences of non-compliance can be mitigated by taking steps now to assess compliance and address areas of risk.
We are advising a number of clients at various stages, including undertaking compliance audits to put clients in the best position for if/when they are subject to HMRC investigation, and assisting clients with ongoing HMRC investigations, including to manage areas of risk that have been identified.
To assess whether you could be in breach and to find out further information on how we can help you, please click take a look at our audit information sheet. Alternatively, please contact us for an off-the-clock chat.