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About In House Tax

About In House Tax

This weblog is a news and views site for tax professionals within the UK and international in-house tax community.  You will find information about appointments and people moves in and around the in-house tax market, issues affecting the in-house tax professional, opinions on the state of the tax job market, updates on tax technology, and other general thoughts of the day.

Hope you find it useful.

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Location: St Albans, United Kingdom

This site has been developed by Simon Godley, who also runs the niche tax recruitment company Talentpool Selection . Simon spends a lot of his time placing tax specialists into FTSE companies, large in-bound groups and some professional services organisations. He also recruits and is well networked around the UK tax technology and VAT markets.

Tax News

Extra holidays - impact on business

Wednesday, 5 September 2007

The introduction of eight additional days’ holiday entitlement could have serious consequences for some businesses.

That is the warning from the Forum of Private Business (FPB), which is concerned that firms that do not currently give their employees 28 days’ paid leave every year will have to take cost-cutting measures to cope with the changes.

The government has published new regulations to boost the minimum holiday entitlement from 20 days a year to 24 days from October 2008, and to 28 days from April 2009. All part-time workers will be entitled to the extra holidays pro rata.

The FPB’s Research Manager, Rebecca Leavers, said business owners will not just be hit by the cost of finding cover for employees on leave. ‘Although it is true that there will be a substantial cost for some firms in terms of reduced productivity or finding extra cover for workers on leave, the impact on smaller businesses doesn’t end there,’ she said. ‘There is also the administration of such a change – contracts will have to be rewritten, for example.’

The Government claims businesses would benefit from reduced absenteeism and a more motivated workforce – but Ms Leavers is reserving judgement.

‘Many employers, who have a good relationship with their staff and actively promote flexible working, and the health and safety of employees in the workplace, still suffer from absenteeism,’ she says.

SG comment - what the above article does not reveal is that the proposed 24 and 28 days would include bank holidays, so I don't think this has major shakes. Not sure about other sectors, but all tax professionals I see have a minimum of 20 days holidays plus bank holidays, so the above proposals won't really change anything.

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posted by Simon Godley

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