We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA
What UK businesses need to know
Hospitality or service-sector business owners understand the hard work their staff put in and how much customer tips are appreciated.
That’s why the Allocation of Tips Act 2023 was created – to ensure all businesses properly pass along all customer tips to their employees.
This article from Sage outlines the tipping requirements, so you can review your processes and make any necessary adjustments before the new Code of Practice takes effect later this year. It covers:
- what is the purpose of the Act?
- which businesses are affected by the Tipping Act?
- what are your business requirements under the Act?
- which tips qualify under the Act?
- complying with the Code of Practice
- what are your employees’ rights?
- Conclusion.