Recent events due to coronavirus and the Covid-19 restrictions have greatly impacted the business and commercial world and raise important questions for both landlords and tenants of commercial premises.
Coronavirus and Employment Law - An update for Employers
As I explained in my previous update , this is a scheme whereby 80% of a furloughed employee’s salary will be reimbursed by HMRC to the employer. The employer will need to designate the employee as furloughed and input the details into the HMRC portal. This is not yet ready and is unlikely to be so for 6 to 8 weeks. We are told it will be backdated to 1st March. It seems that employers are being advised to take out loans to fund this in the meantime, which is in itself causing problems.
