Update for Insolvency Practitioners on the development of the (CMS) As advised in the previous editions of Dear IP, the Insolvency Service is introducing a new Case Management System (CMS) in the first quarter of 2019, with our current planning projections putting us on target...
Dear insolvency professionals We advised you in the November edition of Dear IP that the Insolvency Service is introducing a new Case Management System (CMS) in the first quarter of 2019, currently expected to be at the end of February. The CMS will bring about changes to the way the...
The Employment Rights (Increase of Limits) Order 2018 With effect from 6 April 2018 the statutory limit one weeks pay for the purpose of calculating a redundancy payment increases from £489 to £508. A copy of the above relevant statutory instrument is available at the following...
The Employment Rights Act 1996 and Pension Schemes Act (amendment) Regulations 2017 The Employment Rights Act 1996 and Pension Schemes Act 1993 (Amendment) Regulations 2017 (“the Regulations”) make amendments to sections 166 and 183 of the Employment Rights Act 1996 and section 123 of the Pension...
Are directors entitled to redundancy? There is a widely held view and common belief that company directors are not entitled to redundancy pay but in limited circumstances it may be possible. When a business fails and has to go into liquidation, directors, who have invested time, sweat...
As the director of a limited company, you probably have some understanding of redundancy payments and how they apply to your employees, but few company directors know that they may also be entitled to claim statutory redundancy payments. If your company is struggling financially, despite your...