Welcome to this monthly Accounting News bulletin from DG Accountancy Services (http://www.businessbods.co.uk) bringing Small Business' news and information from the business world, as it happens!
Thursday, 2 August 2007
The Department for Business, Enterprise and Regulatory Reform (DBERR) has released new guidance on the forthcoming increase in the statutory holiday entitlement. Under the new regulations, the minimum annual holiday entitlement will be rising to 28 days in England, Scotland and Wales, in two separate phases. The entitlement will increase to 4.8 weeks in October 2007 (the equivalent of 24 days of leave), and to 5.6 weeks on 1 April 2009 (28 days of leave). Payment can be given in lieu of the additional days introduced on 1 October 2007, but from 1 April 2009 payment in lieu cannot be provided for anything less than 5.6 weeks, unless a member of staff is leaving. For staff wishing to carry over unused holiday, this is only allowed for any entitlement above the four week minimum, and additional statutory leave can only be carried over into the following leave year. Part-time workers will be entitled to the same level of holiday pro rata, and staff working six days a week will be entitled to 28 days of leave from 1 October 2007.
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