UK corporate offence of failure to prevent tax evasion
On 22 July 2022, the English High Court sanctioned Houst Limited’s (“Houst” or the “Company”) restructuring plan (the “Restructuring Plan”), which significantly, is the first time a Restructuring Plan has been used to cram...more
Everybody loves a list at this time of year. With the end of year fast approaching, everyone is working through their gift lists, to-do lists and grocery lists for their holiday celebrations. For the 12 Days of Christmas,...more
On 3rd March 2021, UK Chancellor Rishi Sunak announced a £100 million Taxpayer Protection Taskforce (Taskforce) to scrutinise claims made under Government financial business support schemes designed to help companies and...more
One year ago, the UK Government announced that the changes to the off-payroll working rules (also known as IR35) (the “Rules”) would enter into force on 6 April 2021 rather than 6 April 2020, due to the impact of the COVID-19...more
A year since the introduction of the Coronavirus Job Retention Scheme, or the 'furlough scheme' as it is more commonly known, the extent of fraud associated with the government assistance programme has started to become...more
In today’s budget, UK Chancellor Rishi Sunak announced a £100 million Taskforce to scrutinise claims made under business support schemes designed to help companies and workers navigate their way through the economic impact of...more
In this issue of UK Employment Flash, we examine the latest employment law developments, news and insights from the UK, including considerations for employers requiring staff to get the COVID-19 vaccine, the delayed rollout...more
UK COVID-19 Developments - Extension of support for retail, leisure and hospitality businesses - Further to the extension of the Coronavirus Job Retention Scheme (or furlough scheme), reported in the November issue of...more
From the beginning of the UK’s first lockdown in March of last year we have reported on the impact of the pandemic on individual and corporate tax residence and permanent establishment risk. In April 2020 the OECD...more
A further update to the HM Treasury Direction concerning the Coronavirus Job Retention Scheme (“CJRS”) was published on 26 January 2021 making some further adjustments to the rules governing its operation. ...more
HM Treasury in the United Kingdom released its sixth direction concerning the Coronavirus Job Retention Scheme on 26 January 2021. Many of the central features of the furlough scheme have not changed, including the level of...more
2020 was a year of exceptional change for employers and their staff. As the pandemic unfolded, businesses navigated their way through adjusting to a remote workforce to furloughing to creating COVID-secure workplaces and...more
Following the announcement of its third national lockdown on 5 January 2020, the UK government has updated its guidance on the Coronavirus Job Retention Scheme, stating that employers may furlough employees in circumstances...more
Although the government’s Job Retention Scheme (JRS) was originally expected to close on 31 October 2020, the government subsequently decided to extend it, initially to the end of March and then to the end of April 2021 (the...more
UK Chancellor Rishi Sunak announced on 17 December that the Coronavirus Job Retention Scheme (CJRS) is to be extended until 30 April 2021. This represents a further extension of one month. ...more
During the course of 2020, the U.K. government has pushed ahead with introducing new measures that are likely to be of material relevance to financial restructurings and corporate reorganizations. There have also been other...more
We recently wrote about data published by HMRC in August 2020 which provided some insight into the impact of Covid-19 on HMRC’s compliance activities. Since then, on 5 November 2020, HMRC published more recent data for the...more
In this issue, we examine the latest employment law developments, news and insights from the UK, including an HMRC bulletin confirming protections for participation in certain tax-advantaged share schemes amid the pandemic, a...more
In keeping with its tradition of issuing updates to the Coronavirus Job Retention Scheme (“CJRS”) on Fridays, the guidance issued earlier this week on the extended CJRS has been amended this evening in relation to the...more
HM Revenue & Customs (HMRC) in the United Kingdom (UK) has released its full guidance for the Coronavirus Job Retention Scheme (CJRS) extension, which was first announced by the UK government on 31 October 2020. The scheme...more
Although the government’s Job Retention Scheme (JRS) was initially expected to close on 31 October 2020, on 5 November 2020 the government announced that it would remain in place in some form until the end of March 2021 (the...more
In our blog on 5 November 2020, we flagged that further government guidance on the extended Coronavirus Job Retention Scheme (“CJRS”) would be provided on 10 November 2020. HMRC has now published that guidance....more
Following the recent announcement of the extension of the Coronavirus Job Retention Scheme (CJRS or “furlough scheme”) and the suspension of the Government’s Job Support Scheme and Job Retention Bonus and then of the further...more
The Government announced shortly after midday Thursday that the Coronavirus Job Retention Scheme (CJRS) is now extended until 31 March 2021....more
On Saturday 31 October, the UK Prime Minister announced a second national lockdown in England and an extension of the Coronavirus Job Retention Scheme (“CJRS”). The lockdown comes into force on Thursday 4 November 2020 and...more