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Coronavirus Job Retention Scheme: Treasury Direction issued The Treasury has published the legal framework for the Coronavirus Job Retention Scheme (CJRS). On 15 April 2020 the Treasury published the legal framework for the Coronavirus Job Retention Scheme (CJRS), which is in the form of a Treasury Direction...
Commercial Paper Programmes and the Bank of England’s COVID Corporate Financing Facility Corporate treasurers are currently assessing the UK Government’s Covid Corporate Financing Facility (CCFF).  We have prepared a toolkit for the Association of Corporate Treasurers which explains how the CCFF works and the steps that a...
COVID-19: The Pensions Regulator's Announced Easements This update examines the Pensions Regulator's announcement of further easements for pension schemes as a result of the impact of COVID-19 that will stay in place until at least 30 June 2020.      
Coronavirus Job Retention Scheme: further updates We discuss HMRC's further update to their employer and employee guidance on the Coronavirus Job Retention Scheme. Yesterday evening HMRC issued a further update to their employer and employee guidance on the Coronavirus Job Retention Scheme (CJRS)...
COVID-19: Insurance Newsletter Distribution of profits; reporting; conduct issues; business interruption; key prudential, conduct and governance considerations The impact of the COVID-19 pandemic has been felt across all business sectors. Some particular issues apply to regulated...
COVID-19: Options for workplace closures across Europe The COVID-19 outbreak is developing so rapidly that many businesses are struggling to cope with its impact. Europe is now established as the epicentre of the pandemic, and employers across the continent are having to consider what this means for their...
COVID-19 impact on PEs and residence: HMRC and OECD guidance HMRC has issued guidance providing some comfort in respect of the question whether employees who do not normally work in the UK, but are stranded here as a result of the travel restrictions imposed due to COVID-19, could create a permanent establishment...
India’s amended equalisation levy: a change players in the digital economy could not have foreseen On 1 February 2020, the Indian Finance Minister delivered the country’s longest Budget speech ever. However, there was no mention of amendments to the equalisation levy introduced in Finance Act 2016—neither in her 159 minutes long speech and...
Competition & Regulatory Newsletter The Competition and Markets Authority (CMA) has recently cleared two high profile mergers at Phase 1.  The Competition and Markets Authority (CMA) has recently cleared two high profile mergers at Phase 1. On 27 March 2020 the CMA cleared the...
A welcoming change for companies looking to bring their group-IP onshore Since 2002, there have been two tax regimes which apply to intangible fixed assets (IFAs) in the UK - the CGT regime for old IFAs and a specific accounts based regime for new IFAs which broadly allow companies to claim tax deductions in line with the...