Tag Archives: COVID-19

Coronavirus: Furlough Leave – HMRC portal now open

Around four weeks after first being announced by the government, HMRC went live with its furlough portal at 7am on Monday 20 April. You can access the portal here. There were some inevitable teething problems and the website, as expected, …

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Coronavirus: FCA Senior Managers & Certification Regime

The FCA recognises that firms directly affected by coronavirus will have to keep governance arrangements under review and adapt as and when circumstances change due to coronavirus-related events. Senior Managers should be considering what impact the current coronavirus situation may …

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Coronavirus: Police Powers and employment implications

The police now have the power to give any individual who refuses to follow the government guidance an on-the-spot fine of £60, which is reduced to £30 if paid within 14 days. If an individual persistently breaches the guidance, then …

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Bank Fraud: Safeguards and Solutions (Part one)

Fraudsters are targeting both businesses and individuals with both the usual scams we have been aware of for a while and with new COVID-19-related schemes. It is, therefore, more important than ever to be vigilant. But we might also ask …

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Coronavirus: How is the payments sector reacting to the fall-out from Covid-19?

Payments for goods and services which are made by credit or debit card are generally processed by one or more financial intermediaries prior to the funds being settled in a merchant’s bank account.   These intermediaries, sometimes known as payment processors, …

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Coronavirus: Key Employment Considerations for Private Households

As the COVID-19 pandemic develops, employers face the ongoing challenge of ensuring compliance with the latest government guidance. This requirement doesn’t just apply to large organisations but affects employers of all sizes, including private households. We take a look at: …

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Coronavirus: Key questions about Emergency Volunteering Leave

Understandably this has left many people wondering what this could mean for them, and, in true British spirit, how they can take advantage of this scheme to help the country at this critical time. In particular, there are five key …

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Coronavirus – Can Employers be obliged to alter contractual remuneration arrangements?

Bankers’ bonuses are currently subject to a bonus cap introduced by EU regulations which aim to limit bonus pay-outs to 100% of salary, or 200% with approval from shareholders. In the UK, regulated firms must also comply with the Remuneration …

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Coronavirus – Company directors must remember their legal duties

Companies are now faced with unprecedented challenges presented by the coronavirus pandemic. In this context, company directors will be trying to do everything they can to protect and preserve the business. However, they do still need to remember their legal …

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Coronavirus & business interruption insurance: practical considerations for tenants   

Typical business insurance policies cover standard risks and are unfortunately unlikely to cover the impact of COVID-19 (including forced closure by the government). Furthermore, business interruption provisions are normally connected to property damage. Cover for business interruption due to infectious …

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