Summary The chancellor has announced a new loan scheme for small and medium businesses, aimed at those businesses who have so far struggled to access credit. The loans are designed to be accessed quickly and without the need for forecasts. Eligibility UK based Business Negatively affected by coronavirus Was not an ‘undertaking in difficulty’ on 31 December 2019. …
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Aggressive rent collection to be banned
High street shops and other companies under strain will be protected from aggressive rent collection and asked to pay what they can during the coronavirus pandemic. In a recent press release a government spokesperson said: “The majority of landlords and tenants are working well together to reach agreements on debt obligations, but some landlords have…
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Carry-over of unused annual leave
The rules that would have limited the rights of employees in key industries to carry forward any unused annual leave will be delighted by the announcement made two weeks ago. This will mainly apply to workers in key industries such as food and healthcare. Workers who have not taken all of their statutory annual leave…
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COVID-19 – support grants and loans update
This week has seen a flurry of changes to the various government support schemes. We have summarised a few in this article. Coronavirus Job Retention Scheme (CJRS) The HMRC portal – where you formally register your claim - should be live as from 20 April 2020. HMRC have published a “user” guide to the claims…
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