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What should be on your 2023 business checklist?
17/01/23. What should business leaders have on their New Year checklists in 2023?
In addition, this year’s report includes the LPC’s intention to review the policy framework around the accommodation off-set and their future approach to making recommendations on the off-set rates. The report confirms the increase of the NLW rate to £10.42 from April 2023 (a 9.7% increase currently payable to those aged 23 and over) and a higher increase (10.9% to £10.18) for 21–22-year-olds in preparation for extending the NLW wage to this age range by 2024.
The full report can be accessed here https://lnkd.in/eYd7xt3n but listed below are some interesting snippets regarding the LPC’s proposed recommendations and considerations: -
The report gives some good ammunition for HMRC to consider in their enforcement approach of NMW for 2023-24. Our firm has in-house National Minimum Wage expertise with a HMRC background providing insight into their enforcement approach and investigative strategy. If you’d like a chat about how compliant you think your NMW processes are, or how to expand your employee rewards, then please do get in contact.
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