The National Minimum Wage (Variation of Financial Penalty) Regulations 2014

• Citation: S.I. 2014/547
• Sections: 3

Section 1 Citation and commencement

(1) These Regulations may be cited as the National Minimum Wage (Variation of Financial Penalty) Regulations 2014.

(2) These Regulations come into force on the day after the day on which these Regulations are made.

Section 2 Amendments to the financial penalty for underpayment

Section 19A of the National Minimum Wage Act 1998 (notices of underpayment: financial penalty) is amended as follows—

(a) in subsection (4) for “50%” substitute “100%”;

(b) in subsection (7) for “£5000” substitute “£20,000”.

Section 3 Transitional provision

The amendments made by regulation 2 do not apply in relation to a notice of underpayment in respect of which the sum due to the worker specified in the notice includes a sum for a pay reference period beginning before the day on which these Regulations come into force.