Flexible Furlough: How the Coronavirus Job Retention Scheme is changing The government has proposed a flexible way out of furlough for the millions affected. As of the 14th June, approximately 9.1 million jobs from 1.1 million employers were furloughed in the UK. However, the sheer cost of the Coronavirus Job Retention Scheme (CJRS) means it
HMRC’s crackdown on overseas tax evasion In a single year, HM Revenue & Customs’ (HMRC) crackdown on overseas tax evasion has seen a massive increase in the number of people admitting to not paying tax. According to a Freedom of Information (FOI) request, 867 British expats declared they failed to pay the ammount they owed
Working Time (Coronavirus) (Amendment) Regulations 2020 (Regulations) Changes to regulations mean that workers will now be able to carry over untaken annual leave into the next two leave years. This applies where they have been unable to take leave due to the COVID-19 pandemic. In this article Andrew Brierley, Briars Group Chairman, takes a look at
In an unprecedented and dynamic situation, company directors need to be mindful of the law Company directors, along with everyone else, are living in a new world. The global response to the coronavirus outbreak has reshaped the business landscape. Even once the immediate Covid-19 crisis has passed, no-one can be certain what the new-normal will
New legislation introduced stipulating what needs to be included in a contract of employment. What has changed? From 6 April 2020, the requirement to provide a written statement of terms and conditions extends to workers, not just employees. This now includes casual and zero hours workers. Employers must provide their workers and employees with their written statement on
Summary of government support available for businesses The Government have issued a range of measures to assist businesses in the UK following the coronavirus outbreak here. We have produced an initial report and a more detailed look at CBILS, but what follows is a brief summary of the measures being offered: Job Retention Scheme
FCA propose concessions for smaller firms as a result of the Covid-19 pandemic Under new Financial Conduct Authority proposals published this week, nine out of ten firms will have until the end of 2020 to pay their regulatory fees and levies. The concessions have been made to smaller advice firms in light of the coronavirus
Changes to government’s Coronavirus Business Interruption Loan Scheme expected to have an immediate impact. The UK government’s loan scheme to assist businesses hit by the coronavirus outbreak has been overhauled. Initial measures, including government guaranteed loans amounting to £330 bn were announced in response to the disruption caused by COVID-19. However, several problems with the
Summary of government support available for businesses The Government have issued a range of measures to assist businesses in the UK following the coronavirus outbreak here. We have produced an initial report and a more detailed look at CBILS, but what follows is a brief summary of the measures being offered: Job Retention Scheme
Business Support during the COVID-19 disruption The UK Government has set out a package of temporary interventions to support people and businesses during the period of disruption caused by COVID-19. This package, which has been published in full on the gov.uk website, includes: a Coronavirus Job Retention Scheme deferring VAT and Income Tax payments a
