Unlike most other types of claims in the employment tribunals, claimants in discrimination cases can claim interest on losses incurred up to the date of judgment. The interest accrues on a daily basis and is simple, not compounded. The applicable interest rate in England and Wales is set by the Lord Chancellor. The interest rate […]
Read More… from Employment: Pre-judgment interest in discrimination cases reduced
Some loans made to employees require employers to be licensed under the Consumer Credit Act 1974 to avoid potential criminal liability and to be able to enforce the loan. The OFT now requires such employers to register with it for AML purposes. The Office of Fair Trading (“OFT”) has announced that persons offering consumer credit […]
Read More… from Compensation & Benefits: OFT takes anti-money laundering (“AML”) role
Small increases to the national minimum wage took effect from 1 October 2009 […]
Read More… from Compensation & Benefits: National minimum wage rises (slightly)
Substantial changes to EU social security regulations in May 2010 […]
The US Internal Revenue Services (IRS) has issued guidance on the new exit tax that applies to individuals subject to US expatriation on or after 17 June 2008. […]
Read More… from International Assignments: US – IRS issues guidance on new exit tax
Earlier in 2009 the European Court of Justice ruled that workers who were on long-term sick leave were entitled to continue accruing annual holiday even if they had exhausted all entitlement to paid sick leave […]
Read More… from Compensation & Benefits: Statutory holiday pay for workers on long term sick leave
The UK Border Agency (“UKBA”) has published changes to the points-based immigration system together with amended guidance for employers and education providers who sponsor migrant workers and students.
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The UK Government has published the Equality Bill which would reverse the problematic House of Lords’ judgment in London Borough of Lewisham v Malcolm (“Malcolm”) […]
Read More… from Employment: Equality Bill to reverse Malcolm
Obligations for French employers to repatriate seconded employees triggered by business transfers.
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We look at the new tax rates in force from April 2010 as well as the new rules on tax relief for pension contributions. Changes to the UK tax system taking effect from 6 April 2010 significantly increase the tax burden on those earning over £100,000, with some paying income tax at a 60% rate. […]
Read More… from Compensation & Benefits: UK income tax and social security – the new realities