WHAT ARE THE MEASURES TAKEN IN THE UNITED KINGDOM DUE TO COVID-19? 28 March 2020
WHAT ARE THE MEASURES TAKEN IN THE UNITED KINGDOM DUE TO COVID-19?
On March 17th, 2020, additional measures were announced by the British government.
- Introduction of a business rates retail holiday
Such business rates holiday would apply for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year.
- Assistance in the payment of taxes
All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time To Pay service.
These arrangements are agreed on a case-by-case basis and are tailored to individual circumstances and liabilities.
Small and medium-sized businesses and employers may reclaim up to two weeks of Statutory Sick Pay (SSP) paid for sickness absence due to the COVID-19 virus.
Employers should maintain records of staff absences and payments of SSP, but employees will not need to provide a general practitioner fit note.
This measure is applicable to employers with fewer than 250 employees as of February 28th, 2020.
- One-off grant of £10,000 (about €11,000) to business that pay little or no business rates
- Additional grant of £25,000 (about €27,000) to retail, hospitality and leisure businesses
This measure applies to businesses operating from smaller premises, with a rateable value between £15,000 and £51,000 (about €16,000 to €55,000).
- Support for businesses through the Coronavirus Business Interruption Loan Scheme
The Government will provide, through the British Business Bank, free of charge to SMEs an 80% guarantee on each loan for borrowings up to £5 million (about €5.5 million).
Businesses can access the first 6 months of that finance interest free, as government will cover the first 6 months of interest payments.
The overall ceiling for these guarantees is, for the time being, £330 billion (€362.5 billion).
Further details, including on the lenders providing access to this scheme will be announced in the coming days, and the scheme will be available from early week commencing March 23rd, 2020.
- Suspension of mortgage payments for three months
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The monetary limit on commercial cases subject to the simplified trial procedure has been rearranged with the Law No. 7251, which entered into force on 28.07.2020. What does this amendment bring to our procedural law?
AFTER SALES SERVICES REGULATION, INTRODUCTION AND USER MANUAL REGULATION AND WARRANTY CERTIFICATE REGULATION HAVE BEEN CHANGED
THE PRELIMINARY INJUCTION AND PRECAUTIONARY ATTACHMENT WHICH ARE PRONOUNCED IN THE PRESENCE OF PARTIES
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WHAT DOES THE NEW HMK SAY ABOUT "AMENDMENT OF PLEADING AFTER THE REVERSAL"?
A groundbreaking change has taken place that will put an end to the controversies that have been going on for decades regarding the "Amendment of Pleading After Reversal Decision" regulation of the HMK. In this newsletter, we are going to examine what the new regulation brings.
THE GUIDELINE ON EXAMINATION OF DIGITAL DATA DURING ON-SITE INSPECTIONS IS PUBLISHED
WHAT ARE THE CHANGES INTRODUCED REGARDING THE "EXTENSION AND CHANGE OF CLAIMS AND DEFENSE" IN THE CODE OF CIVIL PROCEDURE NUMBERED 6100 WITH THE LAW NO. 7251?
The amendments brought to the Code of Civil Procedure in terms of “the Extension and Change of the Claims and Defense” is examined with our newsletter this week.
REVIEW ON THE DRAFT COMMUNIQUE ON REMOTE IDENTIFICATION METHODS TO BE USED BY BANKS
WHICH AMENDMENTS HAVE BEEN MADE TO THE REGULATION RELATED TO THE PROCEDURES AND PRINCIPLES OF THE GENERAL ASSEMBLY MEETINGS OF JOINT STOCK COMPANIES?
A significant amendment has been made within the scope of The Regulation on the Amendment to the Regulation Related to the Procedures and Principles of the General Assembly Meetings of Joint Stock Companies and Representatives of the Ministry of Customs and Trade to Attend These Meetings published in the Official Gazette dated 09.10.2020 and numbered 31269. We will examine what the new regulation brings.
WHAT ARE THE AMENDMENTS INTRODUCED REGARDING THE "COLLATERAL LIMITATION (EXTENSION OF TIME) TO THE RESPONSE PERIOD" IN THE CODE OF CIVIL PROCEDURE NUMBERED 6100?
With Law No.7251, which entered into force on 28.07.2020, a significant amendment has been made regarding the regulation of “Collateral Limitation to the Response Period (Time Extension) in the Code of Civil Procedure. In this newsletter, we will examine what the new regulation brings.
“UNSPECIFIED CLAIM CASE” UNDER THE LIGHT OF THE RECENT AMENDMENTS IN THE CODE OF CIVIL PROCEDURE (“CCP”)
As it is known with Law No.7251, which entered into force on 28.07.2020, many radical changes in procedural law have entered our lives.
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ORDINARY MEETING OF THE GENERAL ASSEMBLY OF COOPERATIONS AND SUPERIOR ORGANISATIONS HAVE BEEN POSTPONED
HOW HAS THE PANDEMIC AFFECTED THE LOSS OF PROFIT POLICIES?
In the new world order brought by the COVID-19 epidemic, many institutions have been reshaped. It is inevitable that the insurance law will be transformed in the new world order.
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What is the meaning of the amendment made with the Law numbered 7244, which has been added to the Labor Law No. 4857?