Auto-enrolment? No! Auto-bankruptcy!
The Government is really serious about auto-enrolment happening and you can tell because they are willing to make companies go bankrupt rather than avoid doing it! Well okay, that isn’t their stated intention, but look at the fines for not doing it. If you thought H&S fines of £20K for infringements were bad, think again!
If you don’t do it right (or more to the point your accountant doesn’t) then it is an automatic fine for you of £400.
On top of that is an on-going fine until it is sorted of either £50/employee/day (1-4 employees) or £500/employee/day (5-49 employees). The fines per day if you have more employees than that are horrendous!
