Anna’s Accountancy Alerts – Week 31 (1st – 7th November 2021)

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Reinsurance Scheme for Live Events

The government has opened an £800 million Reinsurance Scheme to cover live events against cancellations stemming from the COVID-19 pandemic.

The live events sector is worth more than £70 billion annually to the UK economy and supports more than 700,000 jobs, including small businesses and the self-employed.

The UK Live Events Reinsurance Scheme will support live events across the country – such as concerts and festivals, conferences and business events – that are at risk of being cancelled or delayed due to an inability to obtain COVID-19 cancellation insurance.

The government has partnered with Lloyd’s Market Association to deliver the scheme as part of its Plan for Jobs.

Flexible Working

UK workers could get more choice over when and where they work under new proposals to make the right to request flexible working a day one entitlement.

The government will also introduce a day one right to one week’s unpaid leave for carers balancing a job with caring responsibilities.  The government says the plans will make for more productive businesses, whilst accommodating both employee and employer needs.

If an employer cannot accommodate the request, as can be the case, they would need to think about what alternatives they could offer.

Matthew Fell, Chief Policy Director at the Confederation of British Industry (CBI) said:

“Businesses have learnt a huge amount about the pros and cons of flexible working during the pandemic, with many firms expective to receive more formal and informal requests in the future.  Employer’s support giving the employees the right to request flexible working from day one in the job.

Companies want to work with the government to ensure they can say “no” when they have properly considered requests but for good reason can’t accept them.”

HMRC and Business Licenses

From April 2022 if you’re a taxi driver, drive a private hire vehicle or are a scarp dealer the relevant licensing authorities will check you’re registered with HMRC before renewing your licence.

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