The House of Lords report concerning the extension of the off-payroll working arrangements into the private sector was published on 27 April 2020. The report Off-Payroll working: treating people fairly obtained evidence from many representative organisations and identified numerous issues which the Government needs to reconsider ahead of 6 April 2021. The following are a few of the key […]

The Government has announced an unprecedented level of financial support to businesses in the wake of the COVID-19 pandemic. The aim is to help businesses with cash flow and to retain jobs such that businesses of all sizes and workers alike can survive the current crisis. The latest information on loan schemes and grants is available at support for business and a summary of the various financial support is included on our dedicated COVID-19 web page.

Below, we look at practical steps property companies can take to respond to COVID-19 cash flow pressures.

Our Spring 2020 Private Client Briefing is now available to download here.

We are pleased to share with you that the latest version of the haysmacintyre and Hempsons Care Charity Benchmarking Report is now available to download here.

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This article was last updated on 21 April at 09:45.

The Government has announced (20 April) the launch of a Future Fund (FF) of £250 million, which will provide loans ranging from £125,000 to £5 million, subject to at least an equal match in funding from private investors (on whom there is no investment cap). The scheme will be delivered in partnership with the British Business Bank and is ‘advertised’ as providing support to innovative/high growth companies.

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In a time of falling stock values, executors need to be aware that they may be able to claim inheritance tax repayments. If for example an estate contained a share portfolio valued at £500,000 which has now fallen in value by 30%, a repayment of £60,000 might be due. The rules for the relief are strict, so these need to be understood to make sure relief can be claimed.