Regulations and rate changes due to come into force now
7th October 2013
On 1 October 2013 the national mininmum wage (NMW) rates increased:
the adult rate (21 years plus) has increased by 12p to £6.31 an hour
the 18-20 year old rate has increased by 5p to £5.03 an hour
the 16-17 year old rate has increased by 4p to £3.72 an hour
the apprentice rate has increased by 3p to £2.68 an hour
Did you know employers who break NMW rules are liable to be ‘named and shamed’?
The following measures, scheduled to come into force in October, are still subject to Parliamentary procedure:
Micro-companies’ financial reporting
Micro-businesses – those with a net turnover below £632,000 and with 10 or fewer employees – will be able to prepare and publish an abridged balance sheet and profit and loss account.Read more
Pregnant workers’ right to health and safety claims
A change to the Enterprise and Regulatory Reform Act will ensure that a pregnant worker continues to have the right to bring a claim for breach of statutory health and safety duty in relation to rights under the Pregnant Workers Directive.
For more updates such as fast-track planning applications, health and safety and moreclick here
Did you know company directors will be required to disclose and communicate key information regarding their pay to shareholders? It will particularly affect company directors whose pay is directly linked to company strategy and performance.
It is essential that you are aware of the impact these regulations have on your business. Please contact us to discuss any concerns.