The Academies Financial Handbook is updated annually by the Department for Education and the Education and Skills Funding Agency; it contains a number of governance requirements for academy trusts.
We highlight the key changes that you should look out for below, along with links to our recent ebriefings relating to these changes.
Increases to National Minimum Wage
The National Minimum Wage and the National Living Wage will increase from 1 April 2017 as follows:
|25 and over||21 to 24||18 to 20||Under 18||Apprentice|
General Data Protection Regulation
Although the EU General Data Protection Regulation (GDPR) will not come into force until May 2018, the scope of the changes means that preparing for the GDPR will be high priority for employers in 2017.
Gender pay gap reporting
Private, voluntary and public-sector organisations, with 250 employees or more,will be required to publish gender pay gap information for the first time by no later than April 2018.
Trade union balloting changes
Certain provisions of the Trade Union Act 2016 are now in force, but there are some important changes that employers might have missed.
Employers with an annual payroll of more than £3 million will be required to pay a 0.5% levy on their total pay bill starting on 6 April 2017.
Employers may need to reconsider their benefit offerings, as tax savings through many salary-sacrifice schemes will be abolished from 6 April 2017.
For further information
If you require support regarding employment changes in 2017 please contact Anna Dabek.
Supreme Court publishes key decision for those working in the UK’s gig economy.
From 6 April 2021, it will be the responsibility of medium and large private sector organisations to assess whether contractors working through an intermediary come within the ambit of IR35.
The 'Chocolate Snowman Appeal' is an amazing initiative that Anthony Collins Solicitors' (ACS) employees take part in every year.
The Building Safety Bill (the Bill) is said to be the most significant and wide-ranging change to the regulatory environment for higher risk building (HRBs) for over 45 years.
On 4 November 2020, the Restriction of Public Exit Payments Regulations 2020 (the Regulations) came into force; exit payments for the public sector were capped at £95,000.
The case was brought by the Official Receiver who sought disqualification orders under section 6 of the Company Directors Disqualification Act 1986 (CDDA 1986) against the seven trustees of Kids Company and its CEO. It illustrates well the tension between the role of a fulltime paid CEO of a large charity and the role of its board as voluntary trustees/directors.
At the end of 2020, The Charity Governance Code was updated or 'refreshed' as it is termed on its website.
Anthony Collins Solicitors is today (Thursday 11 February) revealing the scale of its social impact during 2020.
In their first podcast of this series, current and future trainees will discuss their journey and route to securing a training contract at Anthony Collins Solicitors.
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