To mark the coronation of King Charles III, there will be an additional bank holiday on Monday 8th May 2023.
Are employees entitled to an extra day's holiday on 8th May?
This will depend on what is included in their contract of employment. The contract might state 20 days holiday per annum plus bank holidays. In this instance employees will be entitled to take paid time off on the additional bank holiday.
If the contract of employment states 28 days holiday per annum and is silent on bank holidays, then there is no increase in the employee's holiday entitlement as a result of the additional bank holiday.
If the contract states 20 days holiday per annum plus 8 bank/public holidays, or lists out the standard 8 bank holidays, employees will only be entitled to receive paid time off on 8 bank holidays.
Even where there is no contractual entitlement to take the additional bank holiday as paid time off, many employers, as a gesture of good will, will decide to allow their employees to take the additional bank holiday or to provide time off in lieu.
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