Bicknell Business Advisers · Est. 2006

Helpful comments on tax & finance — for property, construction & business

Bicknell Business Advisers · Est. 2006

Helpful comments on tax & finance — for property, construction & business

Do you use Interns? watch out for NMW

Table of Contents

hübsche brünette studentin

At the end of last year there was a clamp down on the Fashion Industry, the main target was companies that advertise for unpaid trainees (interns). Its likely this will lead to an even bigger campaign in 2014.

Current minimum wages rates are

    21 Plus     18 to 20   Under 18      Apprentice
£6.31 £5.03 £3.72 £2.68

If you take on unpaid trainees without a contract you could be at risk of a £5,000 fine. The penalty can also apply if you are paying below the minimum wage.

If you find that you are paying below NMW you need to correct the rate of pay now and back date it to avoid the risk of a penalty.

steve@bicknells.net

 

 

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