Coronavirus (COVID-19): insights, advice and support

Latest update - 26 May 2020

• Coronavirus Statutory Sick Pay Rebate Scheme: on 26 May the government portal for reclaims of statutory sick pay has opened - find out more.
• Legislation: the Government introduced the Corporate Governance and Insolvency Bill in Parliament. The Bill consists of 6 insolvency measures and 2 corporate governance measures that aim to provide vital support to businesses – find out more. 
  
• Coronavirus Job Retention Scheme: guidance for the CJRS has been updated to explain that employers will be asked to give the amounts separately for the NICs, pension and wages they are claiming for – read our guide.
• Coronavirus Large Business Interruption Loan Scheme: the Government has extended the maximum loan size available through the CLBILS from £50 million to £200 million – read our guide on funding. 
  
• Future Fund: guidance for the Future Fund has been updated to include the convertible loan agreement prior to the scheme opening on 20 May – read more at gov.uk.
• Scotland: the Government has announced a further £58 million to help the devolved Scottish administration respond to the pandemic – read more at gov.uk.
  
• Money Laundering Regulations: Businesses covered by the Money Laundering Regulations with an annual fee due between 1 May and 30 September may be able to get a payment deferral or deregister if trading has stopped – read more at gov.uk.
• Staff holidays: the Government explained how holiday entitlement and pay operate during the coronavirus pandemic - read more at gov.uk.