#national-minimum-wage

#national-minimum-wage

Employers who fail to operate PAYE correctly risk HMRC penalties, payroll liabilities and minimum wage obligations, including international entrepreneurs without a UK double tax treaty.

SMEs face rising costs and uncertainty; targeted tax relief supports micro-firms, but wage and rate increases still constrain growth, hiring, and investment.

Cap or removal of pension salary sacrifice and tighter NIC exemptions will raise employer and employee costs, increase payroll complexity, and heighten compliance risk.