UK corporate offence of failure to prevent tax evasion
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
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
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
As the most tax advantageous HMRC approved share option scheme available, the Enterprise Management Incentive (EMI) scheme has long been the preferred form of incentive for eligible early and mid-stage UK-based life science...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
On October 31, 2020, the Coronavirus Job Retention Scheme (CJRS, widely known as the Furlough Scheme) comes to an end. The CJRS entitled qualifying employees whose work was affected by the pandemic to receive 80% of their...more
Along with the announcement by the UK Government on Saturday, 31 October 2020 of increased lockdown restrictions in England with effect from 5 November 2020, came the news that the Coronavirus Job Retention Scheme (CJRS),...more
The United Kingdom has amended its new job protection scheme to require employees to work 20% of their usual hours in order to receive a government subsidy, and employers that knowingly received money to which they weren’t...more
As lockdowns loom across the land with the introduction of a three-tier system of restrictions based on local COVID-19 alert levels, at the highest alert level (tier 3) certain businesses will be forced to close, including...more
The unprecedented Coronavirus Job Retention Scheme (CJRS) is coming to end, as scheduled, on 31 October. As covered in our previous bulletin, the CJRS is being replaced by the Job Support Scheme (JSS)....more
The UK government announced on 9 October 2020 an expansion of the Job Support Scheme (Expanded JSS) to support workers and businesses through the continuing public health crisis. Businesses which are forced to close because...more
The Coronavirus Job Retention Scheme - On 26 March 2020, the UK Government announced the Coronavirus Job Retention Scheme (“the Furlough Scheme”). The Furlough Scheme was designed to protect the UK economy by assisting...more
A new Job Support Scheme has been announced in which the U.K. Government will top up the wages of employees working reduced hours due to the COVID-19 pandemic. What is it? The U.K. Chancellor Rishi Sunak has unveiled...more
The UK Government announced yesterday, as part of its Winter Economy Plan, that from 1 November 2020 it will introduce a new Job Support Scheme, which will replace the existing Coronavirus Job Retention Scheme (“CJRS”), also...more
The UK furlough scheme, rolled out in haste earlier this year, has been a lifesaver for many businesses and households that have used the scheme to stay afloat. The furlough scheme has so far cost the UK in excess of £35...more
Following the Chancellor’s announcement on 8 July 2020 that employers of furloughed employees would be entitled to a job retention bonus if they kept employees employed until the end of January 2021, the Government published...more