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October
The Working Time (Amendment) Regulations 2007 are to be implemented on 1 October 2007.
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On 1 October 2006, legislation outlawing age-based discrimination was implemented for the first time in the UK. The Employment Equality (Age) Regulations 2006, which implemented a European Directive, were hailed by many as the most significant upheaval in employment law for 30 years.
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The Data Protection Act 1998 (DPA) is enforced by the Information Commissioner?s Office which released its annual report in July 2007. It reported that a horrifying number of companies, government departments and other public bodies have reached data protection rules in the past year.
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A series of recent legal cases has once again placed the status of agency workers under the legal spotlight.
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It is accepted that over the longer term, investing in the stock market should provide better returns than most other asset classes.
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If you are a partner in a firm, have you considered the implications to your business if one of your partners dies?
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Inheritance tax (IHT) is fast becoming an issue for many due to the rise in the value of property and other assets. Despite recent changes in IHT legislation which will allow the transfer of Nil Rate Band available between husband and wife; beneficiaries may still be hit by large tax bills on inheritances from parents or grandparents. Fortunately, IHT is something that can be mitigated if careful planning is put in place at an early stage.
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The investments held within your pension scheme are probably the most important investment you will make in your lifetime, after the purchase of your home.
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At a time when the major news in the financial services industry relates to pensions, I make no apology in dedicating this newsletter to the subject. While a number of publications are detailing the legislation changes, few are focusing on who actually needs to do something before the key date of 6th April 2006.
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Are you a Trustee or beneficiary of a trust?
You must be prepared for the new tax rules.
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If you have not signed an Enduring Power of Attorney (EPA) and you become mentally incapable of managing your financial affairs currently an application would have to be made to the Court of Protection to appoint a receiver for you.
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July
Are you a Trustee or beneficiary of a trust? You must be prepared for the new tax rules.
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If you have not signed an Enduring Power of Attorney (EPA) and you become mentally incapable of managing your financial affairs currently an application would have to be made to the Court of Protection to appoint a receiver for you.
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April
Since 1958 Europe has worked towards creating a single European Market with fewer barriers to trade and more opportunities.
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The case is the latest development in the law surrounding whether the insertion of a person?s name in an email can constitute a legally binding signature.
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At the risk of stating the obvious, a company is a person in the eyes of the law; it bears liability for ?its? actions which are-separate from that of its owners. The liability of the owners is limited to the money they have spent (or promised to spend in the case of partly paid shares) in acquiring their shares.
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As from 6 April 2006 certain Houses in Multiple Occupation (HMOs) must be licensed by the Local Authority under the new national mandatory licensing scheme. The purpose is to raise the standard of accommodation for this type of property and to ensure higher standards of management.
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The Housing Act 2004 has introduced a Tenancy Deposit Scheme. The scheme was to come into effect on 1st October 2006 but has been postponed to 6th April 2007. It is a mandatory scheme and all landlords granting an assured shorthold tenancy after 6th April 2007 and requesting a deposit from the tenant will have to participate.
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The Secretary of State for Trade and Industry has for some time had extensive powers to investigate companies and their affairs.
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New compensation limits On 1 February 2007, there was an increase in the limits applying to certain awards of employment tribunals and other amounts payable under employment legislation.
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The Protection From Harassment Act 1997 (the Act) was introduced initially to deal with domestic scenarios such as stalking. In July 2006, the House of Lords ruled in the case of Majrowski v. Guys and St Thomas NHS Trust that employers can be held liable under the Act for acts of harassment committed by their employees against other employees. The effect of this has been to widen the scope of the Act to cover many workplace bullying and harassment situations.
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With effect from 1 October 2004, the Employment Act 2002 (Dispute Resolution) Regulations 2004 introduced new statutory grievance procedures (GPs) and dismissal and disciplinary procedures (DDPs), to apply to every employee regardless of the size of the employer. Dispute resolution: spotting an employee?s ?grievance? The stated aim of the statutory dispute resolution procedures was to encouraging employees and employers to resolve workplace disputes without recourse to legal action. In this feature we focus on the GP aspects of the statutory procedures.
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Family friendly changes
Recent years have seen the implementation of a number of domestic employment measures aimed at enhancing flexibility and the work life balance in the UK economy. Further changes came into force in April 2007 under the Work and Families Act 2006.
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Setting up suitable assistance for when you may be unable to deal with your own affairs should always be considered as early as possible.
An EPA as it is known, gives you the ability to delegate the job of dealing with your financial and administrative affairs to one or more other people. It can be considered a bit like an insurance policy ? you sign it in the hope that you will never need it but if you do, it becomes extremely useful.
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22 March 2006 marks a very important moment in the history of Inheritance Tax (IHT). From this date, a new and widereaching taxation system for IHT applies to many trusts. The new legislation is found in the Finance Act 2006.
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We have noticed that, more and more, we are asked about joint ownership of land and in particular whether a change to joint ownership as 'tenants in common' will save Inheritance Tax.
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