Employers to face tougher minimum wage fines
Business News 16 Jan 2014
Fines for employers who fail to pay their staff the national minimum wage (NMW) are set to quadruple under new plans announced by the Business Secretary Vince Cable.
Under the current rules, employers can incur a maximum fine of £5,000 plus a financial penalty of 50% of the missing wages.
However, from next month the maximum penalty will be increased to £20,000 for every underpaid worker, while the financial penalty will rise to 100% of the wages owed.
Announcing the change, Mr Cable said: 'Anyone entitled to the national minimum wage should receive it. 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.'
The new rules, which are expected to come into force in February, have been welcomed by the Trades Union Congress (TUC).
Read more here....http://tinyurl.com/nsysny4