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News
Downturn prompts staff to dump holiday for cash
: Employees are increasingly selling their holiday allowance to boost their income, said new research from employee risk and benefits management firm, Aon Consulting.
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HMRC highlights tax avoidance schemes
: A new policy by HMRC to publicise which tax avoidance schemes it believes are ineffective could create extra risks for accountants and their insurers, warned London based lawyers, Reynolds, Porter, Chamberlain.
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Law Lords say sick staff can take holiday pay
: The House of Lords has ruled that workers who are denied holiday pay while on sick leave can claim for payment of lost holiday. The case in question, Stringer v HMRC, was brought to a tribunal by a group of workers who had been on long term sick leave and wanted to claim for unpaid annual leave, even though they hadn’t been at work.
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Attractions grow for pension salary sacrifice schemes
: Stephen Hempenstall, pensions adviser at Mercer Employee Benefits, made a strong case at the Payroll World Annuall UPdate Conference for the growing interest in pensions salary sacrifice. He said that of Mercer’s 400 clients about 25% are on pensions salary sacrifice schemes.
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1 in 5 firms breach data protection
: Almost one in five businesses has unwittingly breached the Data Protection Act (DPA) at least once, according to a survey of over 500 small and medium-sized businesses conducted by business services organisation, BSI.
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