The Employment Appeal Tribunal has today ruled that overtime should be taken into account when calculating holiday pay. The Tribunal made its decision in two cases relating to the United Kingdom’s interpretation of the Working Time Directive (WTD) from 1998.
The decision could have a potentially enormous impact on businesses of all sizes, as they now have the prospect of employees being able to bring claims against them for unpaid holiday pay.
Employers liable for backdated pay
With approximately one in six employees regularly engaging in voluntary overtime, employers could find themselves liable for backdated pay collectively running into several billions of pounds. More...
In our FAQ series, our expert conveyancing solicitors advise a potential homeowner about the government schemes available to potential homeowners.
Q: I have read about a new scheme in Wales to assist home buyers. What is it?
A: There is a new Welsh Assembly Scheme (which starts on January 1, 2014) which is available for all home buyers in Wales buying new-build properties under £300,000.00.
The scheme is called Help to Buy Wales. It allows house buyers with a 5% deposit to apply for an initial government-funded loan that’s up to 20% of the property’s value. Potential buyers can arrange a mortgage with any lender for the remaining 75%. More...
