20 April

COVID-19 – Business Support – New Support For Start-Up and Tech Businesses

The Treasury has announced a £1.25bn package of support for start-up and tech businesses impacted by COVID-19 through two new facilities.   Firstly, the £500m Future Fund will launch in May and be delivered in partnership with the British Business Bank.  The fund will provide government loans ranging between £125,000 and £5 million to UK-based […]

17 April

COVID-19 – Coronavirus Job Retention Scheme Extended To The End of June

Chancellor Rishi Sunak has just announced that the Coronavirus Job Retention Scheme will be available for another month until the end of June.  He has also kept the option to further extend the scheme if necessary. Mr Sunak said “With the extension of the coronavirus lockdown measures yesterday, it is the right decision to extend […]

16 April

COVID-19 Coronavirus Job Retention Scheme Cut-Off Date Extended to 19th March

HM Treasury announced last night that the eligibility cut-off date for Coronavirus Job Retention Scheme has been extended to the 9th March 2020 from the original date of the 28th February 2020. However, the employee simply being employed on that date is not enough.  To be eligible as a furloughed employee, the employee needs to both be […]

9 April

COVID-19 – Business Support – Coronavirus Job Retention Scheme – A Brief Guide

COVID-19 – Business Support – Coronavirus Job Retention Scheme – A Brief Guide

As the Coronavirus Job Retention Scheme is scheduled to go live on 20th April, we have put together a brief guide based on the questions that our clients have been asking over the last couple of weeks since the scheme was announced.

9 April

COVID-19 – Business Support – Coronavirus Job Retention Scheme – Specific Considerations For Eligible Individuals That Are Not Employees

The HMRC guidance below sets out specific considerations for those individuals who are paid via PAYE, but who are not necessarily employees in employment law. Unless explicitly set out below, all other guidance is applicable to these cases, and should be followed. Office Holders Office holders can be furloughed and receive support through this scheme. […]

8 April

COVID-19 – Business Support – Coronavirus Job Retention Scheme Launch Date Set For 20th April

HMRC has announced today that their system to submit applications for grants under the Coronavirus Job Retention Scheme Launch is set to go live on 20th April.   Given that the latest analysis by the Resolution Foundation is projecting that over nine million workers are likely to be furloughed under the scheme, HMRC are already […]

3 April

COVID-19 – Business Support – Changes Made To Coronavirus Business Interruption Loan Scheme – Is It Too Little, Too Late?

The Chancellor, Rishi Sunak, has announced that changes will be made to Coronavirus Business Interruption Loan Scheme (CBILS) from today to boost the support to businesses affected by COVID-19. This is set against a backdrop of a growing sense of frustration at the stance being taken by the lenders that has made CBILS virtually redundant […]

2 April

COVID-19 – Legal Advice on Terminating Contracts From Our Colleagues at Moore Blatch

For many small businesses, the strain on their cash flow from COVID-19 is really beginning to bite. As a result, a growing number of businesses are looking for advice as to whether they legal grounds to end or suspend a contract in a bid to reduce expenditure. Our colleague, John Warchus of Moore Blatch solicitors, […]

31 March

COVID-19 – Business Support – VAT Deferral Update

As part of the basket of measure the Chancellor announced to support businesses impacted by COVID-19, there is the opportunity to defer VAT payments as an aid to business cash flow. All UK VAT-registered businesses have the option to defer VAT payments due between 20th March and 30th June.  In practical terms, for businesses making […]

30 March

COVID-19 – Business Support – The Government Announces Changes To The Insolvency Rules

The government temporarily relax wrongful trading laws to allow Directors to take tough decisions without fear of personal liability.