The Government has unveiled details of a scheme that will allow companies to purchase cover for enforced cancellation of live events due to changes in Covid restrictions.

Last updated, 6th May 2021

The Government has published details of a new Tier System which will apply in England when national lockdown restrictions end on December 2. The whole country will be assigned one of three tiers, which will have different rules and restrictions for business events. Which tier applies to each area of the country is expected to be announced on Thursday, November 26.

UPDATE: The level of grant available will remain the same until 30 June 2021. From 1 July 2021, the level of grant will be reduced and employers will be asked to contribute to furloughed employees’ wages. The government contribution will reduce from 80% up to £2,5000 in June, to 60% up to £1,875 in September.

The Intellectual Property Office (IPO) has published key information about how the IP system and the IPO will operate after the end of the transition period to ensure the smooth departure from EU IP systems.

Chancellor Rishi Sunak MP has today announced new measures to support businesses, set to come in on November 1.

UPDATE: A new VAT deferral payment scheme is open up to and including 21 June 2021, allowing businesses to pay deferred VAT in equal instalments, interest free, and choose the number of instalments. Alternatively, businesses can pay deferred VAT in full by 30 June 2021 to avoid being charged penalties or interest.

Chancellor Rishi Sunak MP has delivered a statement in the House of Commons on the next stage of the Government’s economic response to COVID-19.