Experts in Business

Increase in Compensation Limits…

The annual increase in compensation limits has just been published (for dismissals and other trigger events occurring after 1st February 2009). The key increases are: • compensatory award: £63,000 to £66,200 • a ‘week’s pay’: £330 to £350 • maximum redundancy payment: £9,900 to £10,500 This Order increases the limits applying to certain awards of employment tribunals, and [...]

Continue reading...

Flexible Working…

Changes to the flexible working laws will allow an extra 4.5 million people the right to request flexible working hours. But what, during this time of economic hardship, will this mean for small businesses? Specialist HR adviser, Sheila Hudson, from the HR Dept looks at how the flexible working changes could impact your business. From [...]

Continue reading...

Reduction in the standard rate of VAT…

The standard rate of VAT was reduced from 1 December 2008 from 17.5% to 15%. HMRC have published some further frequently asked questions which clarify the correct treatment in several situations. One situation which helps to explain the complexity of the issue is as follows: ‘Treatment of tickets to events (theatre, football season tickets etc): 1. I [...]

Continue reading...

Holiday Entitlement…

On returning to work in the New Year, many will be reaching for the travel brochures to plan their next holiday getaway. Now would be a good time to ensure that your employees’ (or your own) holiday entitlement has been correctly calculated, especially as many employees’ entitlement may need to be increased due to a [...]

Continue reading...