Category Archives: News

Gender gap closing in UK board rooms

More than a third (34.3%) of FTSE 350 board positions are now held by women, with the number of women on boards increasing by 50% over the last 5 years, data released today (Wednesday 24 February) shows, representing a dramatic shift in representation at the very highest levels of British business.

The data has been published in the final report from the government-backed Hampton-Alexander Review, which was launched in 2016 to encourage UK-listed companies to appoint more women to their boards and into senior leadership positions.

While men still dominate in the upper ranks of the UK’s top firms, in 5 years the Review has seen remarkable progress among FTSE companies. In total, 220 of the FTSE...

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Challenges as we emerge from lockdown

There is no guarantee that the heady mix of vaccination and easing of lockdown will contain the spread of COVID-19. However, based on government predictions, they are willing to start the process of easing lockdown restrictions.

The relaxation of restrictions will depend on four tests. They are:

  1. The vaccine deployment programme continues successfully.
  2. Evidence shows vaccines are sufficiently effective in reducing hospitalisations and deaths in those vaccinated.
  3. Infection rates do not risk a surge in hospitalisations which would put unsustainable pressure on the NHS.
  4. Assessment of the risks is not fundamentally changed by new Variants of Concern.

The stepped approach published is:

Step 1: 8 March

  • Schools and colleges are open for all students. Practical Higher Education Courses.
  • Recreation or exercise outdoors with household...
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Supreme Court determines Uber drivers are workers

In a landmark decision handed out by the Supreme Court last week, the respondents, Yaseen Aslam, James Farrer, Robert Dawson and others have had their claim upheld that they are “workers” and not self-employed drivers for Uber; as such they qualify for rights under the Employment Rights Act, the Minimum Wage Act and Working Time Regulations.

This will have significant repercussions for firms like Uber who engage persons to work for them under contracts that aim to deny them “workers” rights by treating them as self-employed.

 

A summary of the main points that will flow from this judgement are set out below:

  • In future, Tribunals (lower courts) should look at the reality of the relationship between parties rather...
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Do you qualify for the fourth SEISS grant?

To qualify for the Self-Employed Support Scheme HMRC expects you to make an honest assessment about whether you reasonably believe your business will have a significant reduction in profits as well as meeting financial considerations based on previously submitted tax returns.

The closing date for the third grant – 1 November 2020 to 29 January 2021 – has now passed and details of the fourth grant for the next quarter will be published 3 March 2021.

The notes below set out HMRC’s interpretation of two of the criteria it has set in the past that have affected eligibility for this grant.

Impacted by reduced demand

This applies to your business if it has been impacted by reduced activity, capacity...

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