In the past companies have tended to base holiday pay payments on a worker’s basic pay, excluding overtime. In a recent landmark case an Employment Tribunal has ruled that past, non-guaranteed overtime should be included in the calculation of holiday pay. Here’s what ACAS have to say: “Non-guaranteed overtime is where there is no obligation […]
Autumn Statement 3 December 2014
Economic indicators Employment Employment is at a record high of 30.8 million, up 1.7 million since the Government came into office, and more than 1 million above its pre-recession peak. Since 2010, employment has increased faster in the UK than in any other G7 country, and the working-age labour market participation rate has risen to […]
Shake up of UK tax system
The Scottish parliament is to take over responsibility for income tax and welfare benefits in the most significant devolution of taxes thus far. Changes to the management of income tax and other taxes, as published by the Smith Commission last week, are listed below. Any reference to a tax being “reserved” means it will be […]