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smp small employer compensation rate
Reduction in the SMP small employer compensation rate
The necessary amendments have been made by new Regulations to reduce the SMP compensation rate for small employers from 4½% to 3% from 6 April 2011. The reduction applies to payments of SMP made on or after that date. Further information: The Statutory Maternity Pay (Compensation of Employers) Amendment Regulations 2011 Explanatory Memorandum to the [...]
