UK

Furlough Extended: What are the rules?

As you may be aware, on Saturday 31st October 2020 the UK government announced that, in light of the new lockdown being introduced in England, the furlough scheme is being extended for a further month and will now end in December 2020. This means that the Job Support Scheme previously announced will be postponed and come into effect once the extended furlough ends.

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THE RULE OF 14 WHEN TENANTS FALL BEHIND WITH RENT

For many businesses and sectors, 30th September 2020 was supposed to be the end date of the plethora of legislative changes brought into force by the Coronavirus (Scotland) Act 2020. However, as a result of secondary legislation, the Coronavirus (Scotland) Acts (Amendment of Expiry Dates) Regulations 2020, means the expiry date of 30th September has been extended to 31st March 2021.

For commercial landlords, this means the continuation of a 14 week minimum notice period before being able to evict tenants for non-payment of rent or other sums due. Previously, the minimum notice period was 14 days. So what does this mean for businesses operating as landlords?  Read the full blog.

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JOB SUPPORT SCHEME IN DETAIL

The government recently announced a new Job Support Scheme to take effect on 1st November 2020. Originally announced at the end of September, it was extended to support businesses required to close and, as of last week, has been updated to reduce the costs to employers.

The new scheme will have two strands. The first is a general scheme, known as the Job Support Scheme Open (JSS Open) which will provide support to pay the wages of employees who are working reduced hours.

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Private investment is the answer

First the bad news. We stand at the beginning of a brutal economic crisis of truly historical proportions. Many businesses will fail and employees lose their jobs. Economic, social and quality of life issues loom. Much of this pain may be unavoidable.

But do not despair. There is a solution. There is a lot more that government and the business community can do to ease the pain. Investors have capital they are willing to invest in the SME space.

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MARKET BOOM IN THE WAKE OF NEW LBTT RATES

BACKGROUND

‘Unprecedented’ is surely the word of choice this year.  In a matter of months, coronavirus has redefined the way we work, live and interact with one another.  The various restrictions imposed to try and reduce the spread have profoundly impacted the global economy and things are almost certain to get worse before they improve.  In the midst of all of this, there is, however, some cause for optimism in the residential property market in Scotland where there has been a sharp rise in house prices with few properties staying on the market for long before successful sales are achieved. Read more…

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CORONAVIRUS CRISIS BRIEFING

All information contain within this update is accurate at the time of publication. During these unprecedented times where the situation is constantly changing at pace it is vital that you take expert advice where necessary. Please do not hesitate to contact us if you wish to discuss any issues covered in these updates further. The Hill Brown Licensing Team and the wider team at Miller Samuel Hill Brown remain committed to providing the fullest possible service for the trade at this extremely challenging time. Read more…

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REDUNDANCY: WHAT IS THE PROCESS AND WHAT ARE THE ALTERNATIVES?

From 1st September 2020, the furlough scheme enters its final stages, with employers now having to pay 10% of the furloughed employee’s wages, as well as pension and employer’s national insurance contributions. This will increase to 20% from 1st October 2020 before the scheme ends at the end of October. Read more…

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FURLOUGH SCHEME: ERRORS AND PENALTIES

HMRC has published new guidance on what to do if you have made an error in a claim under the furlough scheme and claimed too much or too little. There is also new guidance on penalties which apply in cases of overpayment.

If an employer has claimed too little for an employee under the scheme, they can inform HMRC and amend the claim. However, since 31st July 2020 claims cannot be amended for the period up to 30th June 2020 where an employee should have been included in a claim before that date. However, the guidance indicates that other errors can still be rectified. The guidance also confirms that where too little has been claimed in error, the employer must pay the employee what they were due and make up any shortfall. Read more…

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CHANGES TO FURLOUGH SCHEME IN COMING MONTHS

In our previous newsletters we have discussed the furlough scheme (or the Coronavirus Job Retention Scheme). We are now entering the last three months of the scheme, in which there will be further changes to how it operates. From the 1st July, employers have been able to place employees on ‘flexible furlough’ where they return to work part time and are furloughed on the remainder of their usual working days. Read more…

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CORONAVIRUS CRISIS BRIEFING

All information contain within this update is accurate at the time of publication. During these unprecedented times where the situation is constantly changing at pace it is vital that you take expert advice where necessary. Please do not hesitate to contact us if you wish to discuss any issues covered in these updates further. The Hill Brown Licensing Team and the wider team at Miller Samuel Hill Brown remain committed to providing the fullest possible service for the trade at this extremely challenging time. Read more…

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