Job Retention Bonus: employers to receive £1,000 bonus

During his Summer Statement, the chancellor announced key initiatives to help the UK economy recover from the impact of the coronavirus pandemic. The introduction of the Job Retention Bonus was high up on the agenda. What is the Job Retention Bonus? The Job Retention Bonus is a one-off payment to employers for every furloughed employee retained from November 2020 (due to the furlough scheme ending October 2020) to the end of January 2021. The government will award a £1,000 bonus to the employer for each worker still employed by January…

Coronavirus, Commercial Landlords and Tenants

There is essentially zero certainty as to what is currently going on in the midst of the Coronavirus pandemic. One of the most turbulent and ambiguous areas of law at present is how will Commercial Landlords and Tenants be affected by the situation and the interim “relief” being introduced by the Government. The Government published the “Extra protection for businesses with ban on evictions for commercial Tenants who miss rent payments” on the 23rd of March 2020. In short, Commercial Tenants who are unable to pay rent because of Coronavirus…

Top Tips for Landlords: Complying with the new Energy efficiency legislation (EPC tests)

As if landlords didn’t have enough paperwork to worry about, as of the 1st April 2018, things got even more complicated. The minimum ratings for Energy Performance Certificates (which have been mandatory for some time) got a lot tougher, and now any rental property must achieve at least an ‘E’ rating for it to be rented out. Whereas before this only applied to new tenancies, now, it covers existing rental agreements too. That means that even if your tenants have been in your property for years, the house or flat…

Do you pay your bills on time?

Payment Terms The Government has produced draft regulations that will require ‘large businesses’ to publish their payment terms. And by ‘large business’, it means any company or LLP that meets any two of the following tests: £36+ million turnover £18+ million balance sheet 250 employees or more Originally intended to come into force this April, the law appears to have been postponed until the company’s next financial year beginning on or after 6th April 2017.The regulations will require the disclosure of the following information via an online Government portal within…

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