Posted by Graham Street, Partner
Amidst stories of financial chicanery fit only for the Wolf of Wall Street, there has been a tidal wave of emotion as the country waves goodbye (and certainly not au revoir) to another much loved High Street name and a cornerstone of the British package holiday market.
The latest research from the British Chamber of Commerce shows that UK business are far from prepared for Brexit with as many as two-fifths (41%) having not undertaken a Brexit risk assessment.
Employment status and IR35 has hit headlines again. The Government has confirmed that the IR35 tax regulations will be extended in April 2020. Changes to IR35 were made in the public sector in April 2017, and similar changes are now due to be introduced for medium and large businesses in the private sector.
Matthew Hendra from our Employment team takes a look at the latest forecast and helps you understand what employers need to do to keep their employees safe.
Under section 13(1) of the Employment Rights Act 1996 an employer may not make a deduction from an employee’s wages unless:
• It is required or authorised to be made by a statutory provision or a relevant provision in the employee’s contract, which covers things like tax and NI; or
• the employee has previously consented in writing to the deduction.
Uber’s looming initial public offering (IPO), scheduled for next week, has been making headlines for months, with speculation intensifying since its main rival in the US, Lyft, went public in March, raising $2.3 billion at the price of $72 per share.
Uber expects to put a final price on its shares on Thursday 9 May and to begin trading on the New York Stock Exchange the next day.
Just when we thought the law on holiday pay was settled, it has reared its head once again. The latest decisions by the European Court of Justice (ECJ) suggest that employers and HR professionals need to do more than put appropriate policies in place.
The casualties keep coming in the UK’s stricken high street. Last month, 71 of Patisserie Valerie’s loss-making stores and all its concessions were closed immediately, and though the remaining 122 stores continue to trade while a buyer is found, about 3,000 employees are affected.
On Monday 28 January 2019, the Parliament voted in favour of the proposed immigration bill. This bill is now being considered by a Public Bill Committee which will scrutinise the Bill line by line and is expected to report to the House of Commons by Thursday 7 March 2019.