National Minimum Wage compliance in relation to pay advances and loans

National Minimum Wage compliance in relation to pay advances and loans

National Minimum Wage compliance

The government has issued a bulletin providing advice for employers regarding compliance with the National Minimum Wage (NMW) framework, particularly with regard to the effect under that framework of pay advances and loans to workers, in the context of the coronavirus pandemic.

The bulletin sets out how the practice of an employer making such pay advances or loans sits with continuing compliance with their obligations to pay the NMW. Nothing in the advice is new, but its guidance is useful clarification for employers at the present time.

Ready for clear, practical advice?

Need help with your tax or accounts?

Speak to a Makesworth adviser about your circumstances and the practical next steps.

Book a Free Consultation Or call 020 7993 8850
Keep reading

Related articles

Browse all insights

Happy with our services? Please leave us a Google Review. Click here

makesworth accountants logo
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.