The government announced plans to simplify pensions auto-enrolment to ease the burden on employers. The Department for Work and Pensions’ consultation, Technical changes to automatic-enrolment: consultation on draft regulations, set out changes to legislation that include the introduction of an alternative quality requirement for defined benefit (DB) pension schemes.
An Employment Appeal Tribunal (EAT) has ruled that holiday allowance can be carried over where employees are unable to take annual leave because of reasons beyond their control. In 2012, NHS v Larner established that employees can take holiday at a later date because of sickness, but in Sash Window Workshop v King the EAT has ruled that this principle can apply for other reasons.
The draft Finance Bill 2015 provided more detail on the diversion of profits for multinationals, further guidance on changes to pension flexibility and the narrowing of the options for small business tax planning. The bill also includes changes to individual savings account (Isa) allowances between spouses on death and increased pension flexibility, as announced in the Autumn Statement 2014.