Coronavirus Job Retention Scheme
The Coronavirus Job Retention Scheme (CJRS) was a vital support measure for the UK hotel industry during the pandemic, allowing businesses to furlough staff while the government covered a portion of wages. Our coverage explores how hotels used the scheme to protect jobs through closures and reduced occupancy, and the challenges they faced when it ended. We examine the long-term impact on staffing, including workforce shortages, financial planning, and rebuilding operations. For hoteliers and industry professionals, this provides valuable insight into employment strategies shaped by one of the sector’s most significant crises.
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Jan- 2022 -5 JanuaryHotels
Gleneagles reports £9m pre-tax loss
The Gleneagles Hotel has reported a loss for the second consecutive year after posting a pre-tax loss of almost £9m for the year ended 31 March 2021. According to its latest set of accounts published on Companies House, the loss comes after the hotel reported a fall in turnover from…
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Sep- 2020 -8 SeptemberCoronavirus
Up to £3.5bn furlough claims fraudulent, says HMRC
Up to £3.5bn in payments from the Coronavirus Job Retention Scheme may have been claimed fraudulently or paid in error, according to the HMRC. Jim Harra, HMRC’s permanent secretary, appeared before MPs on the Public Accounts Committee to discuss the tax authority’s estimates that 5-10% of furlough claims have been…
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7 SeptemberCoronavirus
60% of mid-sized businesses plan redundancies, BDO finds
More than half (60%) of the UK’s medium-sized businesses are planning redundancies as a result of the Government’s Coronavirus Job Retention Scheme coming to an end in October, according to new research from accountancy and business advisory firm, BDO. BDO’s monthly Rethinking the Economy survey of 500 medium-sized businesses across…
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3 SeptemberAdvice
HMRC and Covid-19: One hand giveth, the other taketh away
One hand giveth HMRC was responsible for overseeing and implementing the Government’s Coronavirus Job Retention Scheme (CJRS) and other furlough schemes. Its ensuring that monies were paid under the Government’s various furlough support schemes has been impressive. Although the guidance on who was entitled to monies under the CJRS was…
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Aug- 2020 -21 AugustEconomy
Accommodation sector sees 53% drop in insolvencies
The accommodation and food services sectors have seen a 53% drop in insolvencies from May to July 2020, compared to the same period in 2020. According to RSM, some 597 insolvencies were recorded by the Insolvency Services for May to July 2019 and 279 for the same period this year.…
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17 AugustAdvice
Restructuring the workplace post Covid-19: issues for hotels
The UK hospitality industry has been hit hard by the Covid-19 pandemic. The recent announcement of about 1,500 staff at hotels managed by LGH in England and Scotland being at risk of redundancy because of the coronavirus crisis is testament to this. It is anticipated that other hotel businesses will…
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Jul- 2020 -30 JulyHotels
Scottish Government unveils £14m funding package for hotels
The Scottish Government has unveiled a £14m Hotel Recovery Programme that aims to help to secure up to 3,000 jobs at Scotland’s larger hotels until the start of the summer 2021 tourism season. The scheme allows for eligible businesses to apply for individual grants of up to £250,000 in addition…
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9 JulyCoronavirus
West Midlands man arrested on suspicion of £495,000 furlough fraud
A West Midlands man has been arrested as part of an HM Revenue and Customs (HMRC) investigation into a suspected £495,000 Coronavirus Job Retention Scheme (CJRS) fraud. HMRC officers executed a search warrant yesterday (8 July 2020) in the Solihull area and arrested the 57-year-old. This is the first arrest…
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Jun- 2020 -18 JuneCoronavirus
Employers given 30 days to ‘confess’ to furlough abuses
Legislation is currently being fast-tracked to allow HMRC to reclaim any furlough money overpaid to employers, or not spent on wages as intended. Although we do not have the final version of the legislation, employers should start addressing their minds to the claims they have made to date as soon…
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Apr- 2020 -24 AprilLatest News
Over 80% of accommodation and food service businesses have closed temporarily
A new survey by the Office for National Statistics (ONS) has revealed that 81.2% of accommodation and food service businesses have closed temporarily due to the Covid-19 outbreak. The independent producer of official statistics reached out to 17,786 businesses for its Business Impact of Coronavirus (COVID-19) Survey (BICS), and a…
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