1 April 2024 – Holiday
Changes to the Working Time Regulations taking effect on 1 April 2024 will change the way holiday pay can be calculated:
Holiday accrual for irregular-hours and part-year workers can be calculated on 12.07% of the hours worked in the previous pay period.
For workers on sick leave or other family-related leave, accrual will be based on average working hours over a 52-week reference period (for leave years starting on or after 1 April 2024).
Rolled-up holiday pay for irregular-hours and part-year workers is permissible (for leave years starting on or after 1 April 2024).
Some changes already in effect from 1 January 2024 include:
Simplified record-keeping requirements. You must keep “adequate” records, but not necessarily a full record of all daily working hours.
Carrying over holiday to the next leave year is permitted where an individual has been unable to take the leave (such as due to sickness or family leave), codifying retained EU law.