Tax & Accounting News

Increase in statutory annual leave entitlement

20/08/2007

From 1 October 2007 there will be an increase in statutory annual paid leave entitlement from 4 weeks per annum to 4.8 weeks per annum. This leave is inclusive of bank/public holidays. Therefore where an employee works a standard 5 day week, then the statutory paid entitlement increases from 20 days per year to 24 days per year.

Those companies who give less than 24 days including bank holidays will have to increase the entitlement to 24. For example, if the present holiday entitlement is 15 days plus 8 days bank holiday (total 23 days), this will need to be increased by 1 day up to 24 days from the 1 October 2007.

Where the present holiday entitlement is 24 days or more including bank holidays there will be no change.

Part-time staff should be included in the above on a pro rata basis.

If a company is increasing the entitlement because of the above, they should notify the employees who are affected either by a circular notice or in the pay advice advising what the increased entitlement is and when it should be taken by.

If you would like any further information, please do not hesitate to contact us.

 

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