Serious Fraud Office | Bombardier | Rosenblatt Financial Crime Team
On 5th November 2020 the Serious Fraud Office (SFO) announced it is investigating Canadian aircraft manufacturer Bombardier Inc. on allegations of bribery and corruption. SFO Investigation | Rosenblatt’s Financial Crime Team The SFO confirmed that Bombardier was being investigated for suspected bribery and corruption in relation to contracts and/or orders from Garuda Indonesia, the national airline of Indonesia. It has […]
Read MoreHMRC | Furlough Investigations | Rosenblatt’s Financial Crime Team
On 12th November 2020 HMRC revealed that it intends to investigate 10,000 businesses over possible abuses of the government’s Coronavirus Job Retention Scheme, while also confirming that nearly £400m of furlough grants have been paid back. HMRC Investigations | Rosenblatt’s Financial Crime Team The figures were revealed during an evidence session of the Public Accounts Committee by HMRC permanent secretary […]
Read MoreCGT Rate Hike on the Cards
The prospect of capital gains tax rates (currently at 10%, 20% and 28%, depending on the asset) being brought into line with income tax rates (40 and 45%) has long been suggested in various quarters, although it is only since the financially troubled times the treasury now finds itself in that it has become a suggestion that has had legs […]
Read MoreEmployers Beware: Major revisions to CJRS/extended furlough scheme from December 2020 – HMRC to publicly name and shame employers using the extended furlough scheme and may stop employers from claiming furlough pay for employees during their notice periods!
Following on from our previous article here, on 10 November 2020 the Government published its guidance on the extended Coronavirus Job Retention Scheme (CJRS). The full guidance can be found here. Buried within its midst are two important points employers need to be aware of. In the section ‘Check which employees you can put on furlough to use the Coronavirus […]
Read MoreTop Employment Tips for Employers and Managers during “Lockdown II”
On 31 October 2020, the Government published the New National Restrictions (the “Restrictions”) which are intended to be in place from 5 November 2020 until 2 December 2020. The Restrictions require that to help contain Covid-19, everyone who can work effectively from home should do so, and have resulted in a prompt return to homeworking for those who had already […]
Read MoreUK Government Publishes Most Radical Update of Foreign Investment Regime for 20 Years in its New National Security & Investment Bill- a UK version of CFIUS?
Introduction The UK Government on 11th November 2020 published its long awaited National Security & Investment Bill (“the Bill”) which sets out radical new measures to protect the UK from malicious foreign investment and strengthen the country’s economic resilience. The Government’s proposed new regime updates the UK’s current powers contained in the Enterprise Act 2002 which are now almost 20 […]
Read MoreEU Commission Starts Formal Competition Law Proceedings Against Amazon for Alleged Abusive Use of Seller Data on its Marketplace Platform
On 10 November 2020, the European Commission announced that it has sent a Statement of Objections to Amazon alleging that Amazon’s use of sensitive data from independent retailers who sell on Amazon Marketplace breaches Article 102 of the Treaty for the Functioning of the European Union (“TFEU”) (“Seller Data SO”). The Commission is alleging that Amazon has abused its dominant […]
Read MoreChancellor announces Furlough extension to 31 March 2021
On 5 November 2020, the Chancellor Rishi Sunak announced that the Coronavirus Job Retention Scheme (CJRS) will be extended until 31 March 2021. The Job Support Scheme, due to come into effect on 1 November 2020, and the Job Retention Bonus have now been put on hold. From 1 November 2020 employees will receive 80% of their usual salary for […]
Read MoreCOVID-19 | National Restrictions for England
On 5th November The Health Protection (Coronavirus, Restrictions) (England) (No. 4) Regulations 2020 setting out rules for a further lockdown in England came into force. The regulations are designed to slow or halt Covid-19 infection rates by restricting movement of people unless for specific reasons. They replace the local tiered restrictions which came into force on 12th October and apply […]
Read MoreBidder’s Payment Systems Can Be Taken Into Account in the Procurement of Major Government Contracts
The Cabinet Office has recently published a new Procurement Policy Note PPN 07/20 (PPN 07/20) together with associated Guidance. Please see https://www.gov.uk/government/publications/procurement-policy-note/. The new notice sets out how payment approaches of tenderers can be taken into account in the procurement of major government contracts and replaces PPN 04/19 from 1 April 2021. Policy Note 04/19 had previously set out new […]
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