Time to take National Minimum Wage seriously
By Justine Riccomini, Head of Taxation (Scottish Taxes, Employment and ICAS Tax Community)
6 May 2022
Justine Riccomini explains why it is in Members’ own best interests to watch the recent Ask ICAS webinar on National Minimum Wage (NMW), available on catch up via icas.com/events.
The 2022 Ask ICAS NMW Webinar
ICAS Tax’s Justine Riccomini and EY’s Jeni Morris presented a webinar on 26 April relating to the National Minimum Wage (NMW) and National Living Wage (NLW).
The webinar was an informal, fireside chat around the key issues which NMW is currently throwing up for employers and agents.
The webinar has received excellent feedback from delegates on the basis of its style and content, which demonstrated how risky NMW can be for employers – and of course, the consequences of getting it wrong impacts on both employers and agents.
Main topics covered
The main topics covered in the discussion were:
- Understanding the NMW and who it applies to.
- Getting it wrong – a costly business.
- Some recent naming and shaming – what did they do wrong?
- Navigating NMW – key areas of interest for NMW Compliance.
- Amended regulations in 2020 – what’s changed?
- What is the Single Enforcement Body and what does it mean for me and my clients?
Watch it on catch up – it could be the best thing you do for your clients this year
ICAS is keen for its members to understand the pitfalls associated with National Minimum Wage Compliance. It is an area which all members operating outsourced payrolls and their employer clients need to be alert to. Some key areas include mergers and acquisitions, paying the Living Wage, and higher rate earners – how can an employer fall foul of NMW?
The webinar is available to watch on demand now. Copies of the slides and the Q&A are also available on the same page.