The Enterprise Investment Scheme: What tax reliefs are available?
In his latest article, experienced Corporate & Commercial Solicitor Paul Longland answers your questions on EIS tax relief.
ACAS, TUC and CBI guidance on handling coronavirus redundancies
ACAS has joined forces with the TUC and CBI to issue a statement on how best to handle redundancies stemming from the Covid pandemic.
They recognise that redundancies may be unavoidable for some businesses but ask employers to try all possible alternatives first.
Considering alternatives to coronavirus redundancies
Ideas include more part-time working, cuts to overtime, finding alternative roles for some staff and retraining others. They ask employers to consider the following guidance and do what they can to look after their people as well as their business:
Do it openly: following collective consultation requirements is key but early open discussions about potential redundancies is better for everyone.
Do it thoroughly: make sure that the people carrying out your redundancy process have been trained in how to handle it properly. They need to know the processes they must follow and the legal hoops they need to jump through. Everyone involved needs information and guidance, so they can pass that information onto the affected employees.
Do it genuinely: don’t just go through the motions. Consultation involves genuinely listening to employee and union views and being open to alternatives they put forward. Give feedback if you reject their ideas so they understand why.
Do it fairly: as with any process, following a fair procedure is key and any process must be free of discrimination
Do it with dignity: losing your job can be a devastating and traumatic experience. How an employer approaches redundancy can change the way someone views both their position and the company. Be kind in your conversations and correspondence, not only for the benefit of employees but in case you want to rehire them in future.
The ACAS guide to redundancy can be found at https://www.acas.org.uk/redundancy
Paul Burton, Head of Employment says "Handling redundancies is hard on both employers and employees. The best advice we can give is to be open and transparent about the process and about the reasons for the redundancies. The results of an ACAS survey recently indicated that around a quarter of businesses were unaware of consultation rules and this figure jumped to a third of small businesses. To try and avoid claims for unfair dismissal, it is important to familiarise yourself with the rules about redundancy dismissals and take legal advice if you are at all unsure."
Specialist Employment Solicitors in Bournemouth, Poole, Christchurch and The New Forest
Our specialist employment law & HR team have advised many businesses and employees on such matters.
We offer a free initial chat with one of our bright, friendly lawyers to all new clients. Call us on 01202 499255 or visit the contact us page to get in touch.
Employment law updates
We will post any announcements, along with advice for employers and HR professionals as soon as we are able. These will be shared on our website and on social media.
Our Employment and HR newsletter will continue to be sent out monthly, though as important information is announced by the government, we may send this to you more frequently.
Our quarterly employment training sessions are postponed until further notice, and we are hosting them online instead. Sign up to our newsletter to receive invitations.
