Wolfson Associates Accountant North London South Herts Enfield

News Archives - April 2009

STATUTORY REDUNDANCY PAY 29-04-2009 From 1 February 2009, statutory redundancy pay rose to £350. Instead of waiting until February 2010 to increase it once again, the Government has introduced a one-off increase to £380, which will take effect from 1 October 2009. This means that the maximum amount of statutory redundancy pay will be £11,400 (20 years x 1.5 weeks x £380).

BUSINESS RATES DEFERRAL RELIEF 23-04-2009 The Chancellor of the Exchequer has confirmed that the business rates increase originally scheduled for this year will be staggered. The annual increase, which had been set at 5 per cent for the 2009/10 financial year, has been reduced to 2 per cent, with the remaining 3 per cent to be paid over the following two years. The move is intended to ‘smooth the effects of the spike in inflation of 5 percent in September’, which would have had an impact on cash flow this year. It reckons that the delay will help business ratepayers will be able to defer around £600 million across 1.6 million properties.

EMPLOYMENT LAW CHANGES EFFECTIVE 6 APRIL 2009 01-04-2009 There are a significant number of employment law changes now coming into force , most effective from 6 April 2009. Click on title for more information.