ISSUE: The Government has announced that the substantially increased financial penalties for breaches of the NMW will come into force on 7 March 2014.
In addition, the Government has now started its tougher ‘naming and shaming’ scheme and has already publicised the names of five employers under this new regime.
IMPACT: The financial penalty percentage will increase from 50% to 100% of the employer’s total underpayments, with the maximum penalty increasing from £5,000 to £20,000 per employer. Click here to see our update of 16 January for further details.
NB. No date has yet been announced for the Government’s further NMW measure which will in due course apply the maximum penalty to each underpaid worker.
ACTION: Click here to view the Government’s announcement.
The information contained in this article is intended to be a synopsis only. Before acting on it, you should take professional advice.
For more information, please contact Lisa Jinks, Professional Support Lawyer
Employment & Employee Benefits
Greenwoods Solicitors LLP
Monkstone House, City Road, Peterborough PE1 1JE
T: 01733 887700
Trinity House, Cambridge Business Park, Cambridge CB4 0WZ
T: 01223 393518
Lower Ground Floor, 4 King’s Bench Walk, Temple, London, EC4Y 7DL
T: 020 7822 8840
For more information click here