Holidays!
Good news for those calculating holiday pay
Holiday pay changes
The government's new guidance on holiday pay and entitlement reforms, effective from 1 January 2024, primarily targets the simplification of holiday entitlement and pay calculations. It introduces definitions and calculation methods for irregular hours and part-year workers, stipulates how to calculate statutory holiday entitlement, and modifies carryover rules from the Working Time (Coronavirus) (Amendment) Regulations 2020.
Key changes include establishing accrual methods for holiday entitlement, defining 'normal remuneration', and introducing rolled-up holiday pay as an alternative calculation method. For detailed information, please refer to the full guidance on the Government website.
What is rolled-up holiday pay?
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