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Posts from the ‘Law’ Category

Redundancies & compromise agreements…

16/01/2012

Mark Jackson

As a result of the current economic climate, the last few years have seen a sharp rise in redundancies.  Only last week Ulster Bank Limited announced that they will be making a further 350 redundancies in Northern Ireland – see here for the story.

The rise in redundancies has in turn seen an increase in the number of people who need advice on a compromise agreement.  Employers are increasingly using compromise agreements, especially in a redundancy situation, to avoid any potential future litigation as a result of bringing the employment to an end by offering some sort of financial settlement in return for the employee agreeing not to sue.  It can be daunting when handed a legal document by an employer that looks complicated and full of legal jargon.  Plus, if you’re being asked to enter into a compromise agreement, you’ll need to get advice from an independent solicitor to explain what the document means if it is to become legally binding.  So what is a compromise agreement? Read more

First Time House Buyers – Stamp Duty Land Tax Relief ends 25 March 2012

12/01/2012

Mark Jackson

At present first-time buyers of residential property in the UK can apply for Stamp Duty Land Tax (SDLT) relief if all of the following apply:

  • the effective date is on or after 25 March 2010 and before 25 March 2012
  • the consideration given is £250,000 or less
  • the buyer intends to live in the property and it will be their only or main home
  • they have not previously owned property or land either in the UK or anywhere else in the world – including property bought with anyone else

In effect this means that first-time buyers have up to 24 March 2012 inclusive to complete a purchase of residential property at a price up to £250,000. Read more

The annual increase in Tribunal compensation limits and new rates of benefits…

12/01/2012

Mark Jackson

Industrial Tribunal compensation limits 

The annual increase in Tribunal compensation limits will take effect for dismissals occurring on or after 1 February 2012.  The maximum compensatory award for unfair dismissal will increase from £68,400 to £72,300, and the maximum amount of a week’s pay (for calculating the unfair dismissal basic award and statutory redundancy pay) will increase from £400 to £430 per week.

Statutory maternity, paternity and adoption pay and statutory sick pay

On 9 April 2012, the lower rate of statutory maternity pay, and the rates of statutory adoption, paternity and additional paternity pay, will increase from £128.73 per week to £135.45 per week.  Statutory sick pay will increase from £81.60 to £85.85 per week.

The London 2012 Olympics – your employees may be getting ready, are you?

10/01/2012

Mark Jackson

On your marks, get set, go….

The 2012 Olympics are six months away and employers are encouraged to start planning now for possible disruptions.  Recent surveys indicate that up to one in six of the UK’s employees is planning on pulling a “sickie” to watch the Olympics on television.  That includes employees in Northern Ireland.  What then can employers do now to try to avoid any potential disruption? Read more

The Agency Workers Regulations (NI) 2011 will come into force on 5 December 2011

04/11/2011

Mark Jackson

Further to our post on ‘New rights to be given to agency workers in Northern Ireland’, the Agency Workers Regulations (Northern Ireland) 2011 have now been published and will come into force on 5th December 2011.

Now is the time to consider the regulations and how they might affect your business.  Thompsons Solicitors can provide advice on the Regulations tailored to your particular circumstances.  Please contact us for further information.