COVID-19 Updates

Money laundering supervision payment deferrals and deregistration announced by HM Revenue & Customs

Money laundering supervision payment deferrals and deregistration announced by HM Revenue & Customs

Businesses that require money laundering supervision from HM Revenue & Customs (HMRC) can receive a six-month payment deferral or deregistration where an annual fee is due between 1 May and 30 September 2020, it has been announced. HMRC is the money laundering supervisory authority for: money service businesses not supervised by the Financial Conduct Authority…

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May 21, 2020
Posted in covid-19

Maximum Government-backed loan amount for larger businesses increased to £200 million

Maximum Government-backed loan amount for larger businesses increased to £200 million

The Government has announced an increase in the maximum amount that larger businesses can borrow under the Coronavirus Large Business Interruption Loan Scheme (CLBILS) from £50 million to £200 million. CLBILS loans are offered on normal commercial terms, but are backed by a Government guarantee worth 80 per cent of the amount borrowed. They can…

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May 21, 2020
Posted in covid-19

Coronavirus Future Fund opens to applications

Coronavirus Future Fund opens to applications

The Future Fund, which offers convertible loans of between £125,000 and £5 million to innovative companies facing financial difficulties as a result of the COVID-19 pandemic has opened. The fund is designed to support UK-based companies that have acquired at least equal match funding from private investors. Aimed specifically at businesses that typically rely on…

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May 21, 2020
Posted in covid-19

New Coronavirus insolvency legislation proposed

New Coronavirus insolvency legislation proposed

The Corporate Governance and Insolvency Bill (the Bill) has been introduced in Parliament to support businesses that are struggling as a result of the Coronavirus pandemic. The Bill includes six new insolvency and two corporate governance measures that seek to address the challenges that businesses are facing. The Bill includes: A new moratorium to give…

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May 21, 2020
Posted in covid-19

Acas launches new guidance on mental health in the workplace during COVID-19

Acas launches new guidance on mental health in the workplace during COVID-19

Acas has published new guidance to help businesses manage mental health in the workplace during the current pandemic. It comes after a new Acas-commissioned YouGov survey found that nearly two out of five employees working from home felt stressed, anxious or experienced mental health difficulties. To help you manage your team’s wellbeing during this crisis,…

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May 21, 2020
Posted in covid-19

COVID-19 – An assessment of safe working arrangements

COVID-19 – An assessment of safe working arrangements

As a result of the Coronavirus pandemic, businesses must assess how their work environment and arrangements can be made safe for employees and visitors. In response to the Government guidance, we have put together guidelines on the steps you may need to take as a business to provide safe working arrangements. COVID-19 risk assessment All…

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May 18, 2020
Posted in covid-19, Employment

House moves and viewings can begin again in England

House moves and viewings can begin again in England

The Government has issued new guidance for England that will allow house moves and viewings to begin again from 13 May 2020. Under the previous Government guidance, buyers and renters had been asked to delay moving home and estate agents had been asked not to conduct viewings while the “stay at home” advice was in…

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May 15, 2020
Posted in Blog, covid-19, Property

Government expands Access to Work scheme to help disabled employees work from home

Government expands Access to Work scheme to help disabled employees work from home

The Government’s Access to Work scheme has been expanded to include support for disabled staff that need to work from home.

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May 12, 2020
Posted in Blog, covid-19, Employment

Coronavirus Job Retention Scheme (CJRS) extended until October

Coronavirus Job Retention Scheme (CJRS) extended until October

The Chancellor, Rishi Sunak, has confirmed that the Coronavirus Job Retention Scheme (CJRS) will be extended until the end of October, with no changes until the end of July when employers currently using the scheme will be able to bring back furloughed employees part time. From August, the Government has said that furloughed workers will…

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May 12, 2020
Posted in covid-19, Employment

“Covid Secure” practical workplace guidance for employers

“Covid Secure” practical workplace guidance for employers

The Covid Secure guidance published by the Department for Business, Energy & Industrial Strategy (DBEIS), covers workplaces that can re-open this week, as well as some the Government hopes will reopen on 1 June 2020: Construction and outdoor work Factories, plants and warehouses Homes Labs and research facilities Offices and contact centres Restaurants offering takeaway…

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May 12, 2020
Posted in covid-19