With the future intention for 100% of tips to go to employees, how can employers recoup their costs?
The Queens Speech in October unveiled a new bill looking at the distribution of tips by employers to employees. The new Employment (Allocation of Tips) Bill will mean that workers …Read More
Troncs – the tax efficient way of managing your tips and gratuities
The UK hospitality Industry has over 150,000 businesses where tipping is customary with tipping levels on average worth 12.5% of the total bill. This equates to around £11billion in tips …Read More
Who is responsible for paying tax on tips? A guide to the UK’s new tips law, troncs, and paying tax on tips
The Employment (Allocation of Tips) Act 2023, a new law designed to ensure hospitality workers get 100% of tips and service charges, received Royal Assent in May 2023. Tipping in …Read More