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It is important to remember that the minimum wage pay rates increased from 1 April 2024. Failing to increase to the new rates can result in penalties being charged.
The new minimum wage payment rates are set out below:
2023/24 rate
2024/25 rate
21 and over (previously 23 and over)
£10.42
£11.44
18 to 20
£7.49
£8.60
Under 18
£5.28
£6.40
Apprentice
Accommodation Offset
£9.10
£9.99
If you need help with any aspect of your payroll, please do not hesitate to call us. We will be happy to help!
See: https://www.gov.uk/national-minimum-wage-rates
08 Jul 2024
The UK's business groups have pledged to work in partnership with the new Labour government to revitalise the nation's economy.
The UK's tax gap estimate rose to a record to £39.8 billion in 2022/23 as small businesses accounted for almost two thirds of unpaid tax, according to HMRC's data.
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