TaxAssist Accountants
0800 0523 5550800 0523 555

Minimum wage increases today

Date: 1st October 2008

The national minimum wage will increase for all employees from today (October 1st).

For employees aged 22-years-old and over, the hourly rate will rise to £5.73 from £5.52, for those aged between 18 and 22 the rate will increase from £4.60 to £4.77, while workers who are 16 or 17-years-old will now be paid a minimum of £3.53 - up from £3.40.

The government says it will take a tough stance on employers which flaunt the rules - even those which genuinely don't realise an employee has moved up a wage bracket.

"Ten years ago, the national minimum wage was born, marking the start of a hard-fought campaign to introduce a basic standard of employment rights that every worker could be protected by," said Employment Relations minister Pat McFadden.

"The vast majority of employers treat their workers fairly and have nothing to fear from these changes. In fact, stronger enforcement will help prevent rogue bosses from undercutting honest competitors."

Employers also have until October 31st to file their paper self-assessment tax return or until January 31st if they are filing online.



Related Articles

18th September 2008 - Staff training and learning 'essential' for employers
24th July 2008 - HMRC set to tell bosses about tax code changes
17th April 2008 - New guideline rate for homeworkers
25th March 2008 - Businesses urged to submit payroll data in good time
6th March 2008 - Small business owners opt for short-term staff


0800 0523 555 TaxAssist Accountants Locations Map

Newsletter for Small Business

Join our newsletter and receive tax news every month suitable for small businesses.

Testimonials

View all »

I would like to let you know that I met a TaxAssist Accountant yesterday and he was fantastic! He was well prepared, knowledgeable and gave me the exact information I need.
CAROLYN MAIR

Recommend to a Friend

Think that we can help someone you know? Use our recommend a friend service to tell them about us.

bookmark this page digg furl stumble delicious
© 2008 TaxAssist Accountants. All Rights Reserved. Crafted Media Ltd