The Government has announced further changes to the Job Support Scheme (JSS) which is due to come into force on 1 November 2020 and is a replacement to the Coronavirus Job Retention Scheme (the furlough scheme) which is ending on…
The Government has announced an extension to the Job Support Scheme for those business that are required to close due to Covid-19 restrictions. The Job Support Scheme (JSS) is the replacement to the Coronavirus Job Retention Scheme (the furlough scheme)…
The Government has published further details on the Job Retention Bonus which will be of interest to any employer who has furloughed employees and has brought/is going to bring back those employees to work. The new guidance includes details of the…
The Government has revealed further details about the Job Support Scheme (JSS) which is designed to replace the furlough scheme ending on 31 October 2020. The JSS is designed to protect “viable” jobs over the winter months due to the…
In July 2020, Rishi Sunak asked the Office of Tax Simplification to carry out a review of capital gains tax (“CGT”), and this has led to rumours circulating in the UK press that the Chancellor will announce changes to the…
Employers who still have employees on furlough need to be aware that the Coronavirus Job Retention Scheme changes again from 1 September and in particular the costs that employers have to pay to access the scheme will increase. The changes…
The criteria for businesses to become eligible for the Coronavirus Business Interruption Loan Scheme (CBILS) has been expanded allowing with immediate effect, small and struggling businesses to apply for lending under the CBILS. Previously, the criteria required applicants to be…
The end of July and start of August, has seen some important changes to the Coronavirus Job Retention Scheme which has seen many employees being furloughed. These changes are: 1. Government has introduced changes to legislation effective from 31 July…
The introduction of the furlough scheme brought uncertainty for employers who had granted employee management incentive (EMI) options to their employees. An EMI option is a type of employee share scheme that enjoys favourable tax treatment. These schemes are often…
As part of the Governments recently announced “A Plan for Jobs“, which sets out its proposals to combat job losses caused by the Covid-19 pandemic, a Job Retention Bonus is being introduced as an attempt to try and avoid the…
We published an article on 6 May 2020 in relation to the Government’s restriction on forfeiture of commercial leases for non-payment of rent, introduced by the Coronavirus Act 2020 and the additional protections proposed by the Government to prohibit landlords…
In our blog post on the 4 May, we provided an overview of the Future Fund loan scheme for UK limited companies, which was based on the initial guidance published by the Government on 20 April this year. Since then, the…