Minimum Wage: Tougher Financial Penalties

Share This Post

As we are all aware the national minimum wages are reviewed annually and on the 1st October 2013 the minimum wage was increased. New penalties are being put in place for any employer that is found to be underpaying their employees.

According to the BBC News, Business Secretary Vince Cable said “Paying anything less than this is unacceptable, illegal and will be punished by law. So we are bringing in tougher financial penalties to crack down on those who do not play by the rules. The message is clear – if you break the law, you will face action.”

It would be advisable for all employers’ to review their payroll immediately and ensure that the below minimum wage limits are being met.

The new national minimum wages are:

  • Age 21 and above £6.31
  • Age 18 to 20 inclusive £5.03
  • Aged under 18 (but above compulsory school leaving age) £3.72
  • Apprentices £2.68

Employers who fail to pay workers the national minimum wage face stiffer penalties under new rules coming into force next month. The maximum fine for anyone failing to pay the statutory level will increase from £5,000 to £20,000.

The full article on BBC News can be read here: http://www.bbc.co.uk/news/business-25743929

Further information regarding the National Minimum Wage is available. Give Business Garage a call or drop us a line if you would like any assistance getting your company up to date with these changes.

More To Explore

Latest News

Special Offer! First month FREE!

Business Garage is a “one stop shop” for all your finance and admin needs. Bookkeeping, VAT, Payroll services, HR advice and support… we do it

Latest News

No-obligation consultation

We provide Business Outsourcing and Consultancy services to small and medium businesses. We’re experts in Strategy, Financial Management, Payroll, Bookkeeping and HR Consultancy. Could we

Book a free, no-obligation consultation

Arrange a chat with one of our team

Outsource to Business Garage

Interested in more information or want to chat with one of our team? Fill in the form below and we'll be in touch!

All over the UK, businesses like yours are planning for better times. After a year of disruption and interruption, their focus is on rebuilding as quickly as possible. We can help.

Our five-point REVIVAL plan is designed to help businesses recover lost ground, maximise their profits, and secure their future.

Through our REVIVAL programmes we focus on the following five key areas:

  • Financial management
  • Operations
  • People
  • Digital transformation
  • Marketing


The first step is a complimentary one-hour strategy session that enables us to understand your business and your challenges better.

Following this we will present our action plan.

Fill in the form now tand book your complimentary REVIVAL strategy session.

Outsource to Business Garage

Interested in more information or want to chat with one of our team? Fill in the form below and we'll be in touch!