Tag Archives: government

Time for a re-think on terrorism?

Insurers of property, machinery, stock and the like in the UK do not provide cover for damage caused by acts of terrorism. This is perhaps not surprising. Insurers have taken the view that losses from terrorism could be so substantial as to threaten their financial stability. In many countries losses caused by terrorism may be […]

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Changes in Insurance Premium Tax

Insurance Premium Tax(IPT) was first introduced in 1994: it’s an indirect tax applied by the government on all general insurance premiums.  Unlike VAT, companies are not able to claim this back from the HMRC. In recent years insurance premiums have, on the whole, been falling, which has resulted in a reduction of income for the Exchequer.  […]

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Pay the national minimum wage or risk incurring higher fines

On 22 March 2014 the government announced it will increase the national minimum wage (NMW) to £6.50 an hour in October 2014. Employers must comply with the increase or risk incurring heftier fines as part of the government’s crackdown on rogue employers that pay workers with wages below the NMW.  In the past, employers that […]

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Flexible working – how far can you bend?

From the 6th of April 2014 all employees will be able to make a flexible work request under changes being introduced by government in the Children and Families Bill which is currently before Parliament. The Government is set to extend the right to request flexible working to all employees subject to them having 26 weeks […]

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