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For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

Advice on protecting your wellbeing, self-confidence and mental health from the pressures of starting and running a business.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

HMRC issues National Minimum Wage rate reminder for summer staff

13 July 2021

HMRC has provided a seasonal reminder that employers are legally obliged to pay students and other summer workers at least the National Minimum Wage (NMW). Traditionally, many students and other seasonal staff work in bars, hotels, shops and warehouses over the summer.

Employers who do not pay NMW beware. In 2020/21, HMRC helped 155,000 workers across the UK to recover more than £16m in pay that was due to them. Steve Timewell, director - individuals and small business compliance, HMRC, said: "We want to ensure that seasonal workers and students are being paid what they are entitled to and, as the economy reopens, help employers if they are unsure of the rules.

"Workers should check their hourly rate and look out for any deductions or unpaid working time that would reduce their pay. It could take them below the minimum wage." Reaching out to students and other seasonal workers Timewell added: "HMRC investigates every complaint made about the minimum wage, so whether you are selling sun cream, giving a hotel room a clean or serving a strawberry smoothie, if you think you are being short-changed, you should get in touch."

The National Minimum Wage hourly rates are:

  • £8.91 – Age 23 or over (National Living Wage)
  • £8.36 – Age 21 to 22
  • £6.56 – Age 18 to 20
  • £4.62 – Age under 18
  • £4.30 – Apprentice.

Anyone who is not being paid the wage to which they are entitled by law can make a complaint to HMRC via government website GOV.UK or phone the Acas Pay and Work Rights Helpline (0300 123 1100). Their call may be transferred to HMRC, which could result in action against the employer.

HMRC is responsible for enforcement of/compliance with the National Minimum Wage Act and by law workers must be paid at least the minimum wage for their age. Employers who pay workers less than the minimum wage have to pay back arrears of wages to the worker at current minimum wage rates. They also face hefty financial penalties of up to 200% of arrears (capped at £10,000 per worker). 

According to HMRC, the two most common causes of minimum wage underpayment are deductions and unpaid working time. Employers who do not pay the NMW can be publicly named and shamed and those who blatantly fail to comply can face criminal prosecution, HMRC warned. Employers can get help and advice on paying the correct minimum wage from the  Acas Helpline (0300 123 1100) or from GOV.UK.

Written by Mark Williams.

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