Motor Trade Legal News
Coronavirus Job Retention Scheme (furlough)
From 01 July 2020 the CJRS is moving into a phase designed to get things moving again. The first stage of the process is to introduce a more flexible way of working designed to get business up and running again as well as to allow it to react to the current economic climate.
Coronavirus Corporation Tax and VAT
“I have received a grant from the government to help with the Coronavirus pandemic but now I’m being told that I have to pay tax on it, is that correct?
Redundancy is regrettably an issue which affects many businesses, particularly in the wake of the current pandemic. Whilst redundancy is never an easy option, it can in a number of situations mean the difference between a business that can continue to trade and survive and one that fails. In the current challenge business climate it remains an option that needs to be considered. In order to assist members when considering what steps, if any to take we have therefore produced this quick guide.
Case Study: Return from Furlough
“When the Lockdown was first announced I closed my business and furloughed all my staff. As the Director I have started doing some work and I would like to start bringing some of my staff back from furlough but one or two of them are objecting. What can I do?”
With the introduction of the lockdown, more and more businesses are considering selling goods and services at a distance. Whilst this is a good way of dealing with the restrictions placed upon business due to Coronavirus, it is important to ensure that businesses fully understand their obligations, the risks being undertaken and how to minimise them.