Lockdown tensions: Settling ongoing neighbour disputes during the pandemic With many of us spending substantially more time at home, problems with neighbours might start being more of an issue than they were before. Behaviour that we have previously ignored or not had time to address becomes irritating and under the general stress of the current situation, small annoyances can flare up into disputes. Relationships with neighbours can be notoriously fraught. Living next to someone who annoys you is
The recession, Covid-19 & the effects on UK employment: Will redundancy rates increase when the furlough scheme ends? With the recession caused by the pandemic reducing UK economic output by a quarter, redundancy figures are soaring. Numbers for the three months to 31 May showed the fastest increase in quarterly job losses since the global economic crisis in 2009. A study released by the Institute for Employment Studies estimates that 445,000 redundancies could be announced between 1 July
Key issues for landlords and tenants in the UK in light of the Coronavirus Act 2020 A ban on residential evictions in England and Wales was put in place at the beginning of the Covid-19 pandemic, extended until 20 September 2020. When the courts begin hearing eviction cases again, the most serious cases will be prioritised, such as anti-social behaviour, criminal behaviour and rent that has not been paid for more than a year, meaning even more delay
Surviving the UK’s deepest recorded recession The current recession, triggered by the Covid-19 lockdown, is the worst of any experienced by the G7 nations as well as being the biggest UK recession since records began in 1955. Despite growth returning, the effect of such a deep fall in GDP will have an ongoing effect for some time to come. The Bank of England has predicted that the economy will fall by 9.5 per cent overall in 2020 and
HMRC restored to secondary preferential for creditors: How does this impact secured lending? The Finance Act 2020 (‘the Act’) which received royal assent in July 2020 has returned HMRC to the position of secondary preferential creditor in insolvent liquidations. This change will come into effect on 1 December 2020 and will mean that certain debts owed by a business to HMRC will now be paid in preference to floating charges (held typically by financial institutions), and unsecured creditors.
By lincolnroweft|2020-08-17T14:02:19+01:00August 13th, 2020|Categories: Legal Blog|Tags: Finance Act 2020, HMRC|Comments Off on HMRC restored to secondary preferential for creditors: How does this impact secured lending?
My business is struggling financially because of Covid-19: what are my options? As the economy struggles to recover from the Covid-19 crisis, many businesses are finding themselves in difficulty. It is important to know what help is available and what the options are if you may be facing insolvency. Government support The government are offering a range of assistance for businesses, aimed at helping them survive the disruption caused by the pandemic. As well as business rates relief
The treatment of director’s loan accounts in administration or liquidation: Can DLAs be reclassified as remuneration? A recent case has highlighted the dangers of the treatment of a Director’s Loan Account (“DLA”), and the risks to directors of trying to re-categorise their DLAs as salary payments. This can mean that the information previously provided to HMRC was incorrect and puts directors at risk of penalties and possibly even a charge of tax evasion. Conversion of Director’s Loan Accounts
Remedies for breach of contract: Can you claim compensation? When a commercial contract is breached, it can cause profound difficulties for a business. Knowing what remedies are available means you can protect your legal position and seek to enforce your rights or obtain compensation when this is not possible. When a contract is breached If a contract breach is resulting in a loss to one party, then that party is entitled to a remedy. Whether or not a