As the Coronavirus pandemic continues to have a devastating impact on businesses across the UK, many employers are having to make large-scale redundancies. In this article we consider some frequently asked questions regarding large scale redundancies.
What is a collective redundancy?
A collective redundancy is when an employer proposes to make 20 or more employees redundant within 90 days.
People buying their main homes in Wales costing less than £250,000 will not pay any tax under temporary measures announced by the Finance Minister today.
The starting threshold for land transaction tax will increase from £180,000 to £250,000 for the residential main rates when this new measure is introduced on Monday 27 July. This is a tax reduction that will last until 31st March 2021.
The new Corporate Insolvency and Governance Act 2020 came in to force at the end of June. The Act introduces new insolvency provisions into UK law, and was introduced partly as a consequence of Covid-19 issues. However, some of the provisions have been in the pipeline for some time. We summarise below some of the main provisions and the potential implications.
Berry Smith’s Commercial Property team has once again been shortlisted for Property Law Firm of the Year at the Insider Wales Property Awards which are being held at Cardiff City Hall on the evening of 2 December 2020.
The Commercial Property team is led by partners Martin Pursall and Chris Jones with consultant Roger Berry, all of whom are recommended in the Legal 500 and Chambers & Partners legal directories. The department has a total of 11 fee earners plus 6 support staff.