Each year an increasing number of firms find themselves ‘named and shamed’ by HMRC for not paying their staff the National Minimum Wage (NMW) or National Living Wage. In many cases this occurs by accident as those responsible did not understand or had misinterpreted the rules when making the necessary calculations. To avoid potentially hefty financial penalties it is important that payroll staff fully understand how it works.
This online course will demystify these complex regulations and clarify who is entitled to what and how the calculations are made and errors corrected. It will explain how HMRC operates regarding enforcement and what to expect from recent and forthcoming changes.
This webinar is designed and delivered by payroll experts and is practical, packed with advice and informative. Even if you are satisfied that you pay more than the NMW, it is still essential training to help your payroll teams avoid making errors that could result in HMRC taking action against you.
This webinar will cover the following topics:
- Background and introduction to the NMW
- How does it work?
- Types of workers
- Correcting underpayments
- 2020 changes and future developments
This online course will help your payroll and HR teams understand the employer's obligation regarding the National Minimum Wage Regulations. If you are a payroll agent this will also be a key part of your payroll service provision to clients.
This course will answer the following questions.
- What is the National Minimum Wage?
- What is the difference between the NMW and the Living Wage rates set by the Living Wage Foundation?
- Who is eligible for the NMW?
- Who is exempt?
- Which pay reference period should be used?
- What is included in the pay calculation and what is excluded?
- Which deductions have an impact on the pay calculation?
- What are the different treatments for time work, salaried hours, output work and unmeasured work?
- What do you need to be aware of in order to avoid accidental underpayments?
- What is the formula for calculating arrears?
- How do NMW rules interact with pensions auto-enrolment?
- What powers does HMRC have to enforce compliance with the NMW Regulations?
- What are the penalties and legal consequences for non-compliance?
- How does the naming and shaming process work and how can you avoid falling foul of it?
- What are the recent changes set out in the National Minimum Wage (Amendment) Regulations?
- What are the future changes to the NMW rules that you need to be aware of?
