Coronavirus Updates

EMI share options - perks and pitfalls

Jessica Nugent
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Enterprise Management Incentive (“EMI”) share option schemes have always been popular with employers and employees as a tax-efficient way for employees to share in the growth in value of the company for which they work.  They are becoming...

Significant reforms to UK insolvency Law: Corporate Governance and Insolvency Act 2020

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On 25 June 2020, the long awaited Corporate Insolvency and Governance Act 2020 (the Act) received royal assent and came into force on 26 June 2020. In the few months prior to its inception, the Act has been adapted to support businesses suffering from...

Coronavirus: the Government's Future Fund scheme has provided £236 million in funding so far - is your company eligible?

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According to figures released this week by HM Treasury, a total of 623 applications have been made under the government’s Future Fund scheme which opened for applications on 20th May 2020. Under the Future Fund scheme, government funding is available...

Residential landlords - staying on top of the recent changes to residential property regulations

Chloe Benson
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The last three months have been challenging for residential property landlords, many of whom are juggling uncertain income with rapidly changing residential property regulations, most of which have been designed to protect residential tenants. This article...

Furlough: 10 June 2020 - Last date to furlough new entrants to CJRS

Clare Gilroy-Scott
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The Coronavirus Job Retention Scheme (the Scheme) allows UK employers who cannot maintain their current workforce because their operations have been severely affect by coronavirus to “furlough” employees and access financial support to cover some...

Coronavirus - landlord and tenant code of conduct - two months too late?

Chloe Benson
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On 29 May 2020, the government announced that it would be publishing a code of conduct to help guide and encourage landlords and tenants to work together to protect viable businesses and ensure a swift recovery. Whilst this would appear to be helpful, it is...

Coronavirus - Contractors can keep sites open until 9pm and it could be later

Richard Bailey
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Last night the government announced that construction sites can stay open until 9pm in residential areas and possibly later in places like the City of London. While this is of course good news as it will allow for greater social distancing on construction...

Coronavirus - Furlough scheme extended to the end of October

Clare Gilroy-Scott
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The Coronavirus Job Retention Scheme (CJRS), under which employees may be furloughed, has been extended to the end of October. Further details are to be published this month but the scheme will apply as it is until the end of July with changes expected from...

Coronavirus Job Retention Scheme - Furlough - guidance for employers, updated 5 June

Alexandra Bonner
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Updated: 5 June 2020 1. What is the scheme? 2. Closure to new entrants from 1 July 3. Which employers are eligible? 4. Which employees can be furloughed? 5. What is furlough? 6. How much will the government contribute? ...

Furlough: Employee transfers under TUPE

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It has been confirmed that employers can claim under the Coronavirus Job Retention Scheme (the Scheme) in respect of employees that were transferred from a previous business in line with the Transfer of Undertakings (Protection of Employment) Regulations...

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