Svetlova LLP


Financial support for businesses during COVID-19 – Coronavirus Job Retention Scheme

April 14th, 2020

If you cannot maintain your current workforce because your operations have been severely affected by coronavirus (COVID-19), you can furlough employees and apply for a grant that covers 80% of their usual monthly wage costs, up to £2,500 a month, plus the associated Employer National Insurance contributions and pension contributions  on that subsidised furlough pay.…

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UK House Prices Projected To Fall By 3% in 2020

April 7th, 2020

House sales in the UK are expected to fall this year, as the Covid-19 pandemic put the property market into deep freeze. According to Knight Frank, if the current lockdown due to the Covid-19 pandemic continues in the UK for the next couple of months, the number of residential sales across the U.K. is estimated…

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(COVID-19): guidance for Tier 2 sponsors

April 2nd, 2020

Guidance has been issued by the Home Office concerning Tier 2 visa sponsor licence responsibilities. With an increasing number of non-UK employees likely to be absent from work or working remotely, the Home Office has instructed Tier 2 visa sponsors to follow certain steps to remain compliant with their duties as a sponsor. Any employee…

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Coronavirus (COVID-19): UK Visa Applications

April 1st, 2020

If you are in the UK and your leave expires between 24 January 2020 and 31 May 2020, you can apply to switch to a long-term UK visa from within the UK. This includes those who would not normally be able to switch to a visa from within the UK, and would normally need to…

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Deferral of VAT payments due to coronavirus (COVID-19)

March 30th, 2020

The government announced temporary changes to the VAT payments to help businesses manage their cash flow. If you’re a UK VAT registered business and have any VAT payments due between 20 March 2020 and 30 June 2020, you have the option to defer the VAT payment until a later date or you can pay the…

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COVID-19 IMMIGRATION UPDATE: Temporary Closures Of Visa And Citizenship Application Centres Across The UK

March 30th, 2020

Sopra Steria, the third party consultancy responsible for managing the UK Visa and Citizenship Application Service Centres (“UKVACS”) on behalf of the Home Office, released a list of the centres which are temporarily closing until further notice due to coronavirus outbreak. The following Sopra Steria locations will be closed: First day of closure Aberdeen –…

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Number of homes sold in UK is to reduce by 60%

March 26th, 2020

According to UK property website Zoopla, the number of residential properties sold in the UK is expected to reduce by 60% in the next three months. In the week before 22 March, before the nationwide lockdown, there was 40% less housing enquiries and 15% less sales. Nationwide lockdown resulting from coronavirus outbreak, the government’s request…

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UK Police Registration – Temporary Closure Of Overseas Visitor Records Office (OVRO)

March 24th, 2020

Most of the non-EU nationals are required to register with the police after arriving in the UK with a visa, or after being granted permission to extend their leave in the UK. Usually, if you are required to register with the police, you must do so within 7 days of: arriving in the UK if…

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Legal Obligations Between Landlord and Tenants during the COVID-19 Outbreak

March 18th, 2020

As a result of the disruption to daily lives caused by the COVID-19 outbreak most business owners have faced a lot of issues. Losses are mounting due to the major impact of the disruption, and many businesses have called on their landlords for help in reducing the impact of the coronavirus. This article considers some…

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The UK base rate cut to record low due to coronavirus outbreak

March 11th, 2020

On 10 March 2020, during a special meeting of the Bank of England’s Monetary Policy Committee (MPC), the Bank of England had voted to reduce the Bank Rate by 50 basis points down from 0.75% to 0.25% – this is the steepest rate cut since the financial crisis in 2008 – to counter the “economic…

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