Regulatory Updates – October 2009

Below we list the new regulation updates – there is a summary of what they are about, but we strongly recommend that you follow the hyperlink and read the whole regulation update.

Official notification of a limited partnership’s formation
From 1 October 2009, there will be new arrangements relating to the registration and naming of limited partnerships

Increase in the national minimum wage rate
From 1 October 2009, the various rates of the national minimum wage will increase

Tips, service charges etc and the national minimum wage
From 1 October 2009, tips, service charges etc paid through the payroll will not count towards national minimum wage pay

Changes to rules relating to community interest companies
From 1 October 2009, the law in relation to community interest companies will be updated and clarified

Rise in weekly limit for calculating statutory redundancy pay
From 1 October 2009, the limit on a week’s pay for calculating a statutory redundancy payment will rise to £380

New limitations on ingredients used in cosmetic products
From 8 October 2009, certain substances will be restricted for use as ingredients in cosmetic products

If you’d like to know how any of the above affect your business, please contact us. We’re here to help you.