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Update from Registers of Scotland - 23 April 2020

Registers of Scotland have, today, announced their digital platform for accepting online applications to register is due to go live on 27 April.  As of that date, the Keeper can start accepting scanned copies of signed principal signed deeds for registration.  For straightforward purchases and sales, this is a welcome development which should facilitate completion of transactions put on hold since the Covid-19  lockdown commenced.  It is, however, recognised that the online platform may not cater for more complex transactions.  Only time will tell how efficient the process proves to be.

Coronavirus Job Retention Scheme – Update 17 April 2020

Further updates made on 30 April relating to parental or adoption leave, union or non-union representatives, company directors and employees whose employment transferred can be found here.  

HMRC guidance on the Coronavirus Job Retention Scheme (“the Scheme”) is now on its fifth revision. The fourth and fifth being published on 15 and 17 April 2020 respectively.   Scroll down for previous information regarding the scheme. 

In relation to the most recent updates we would note the following headline points:

Stronachs has been awarded STEP (Society of Trust and Estate Practitioners) Platinum Employer Partner accreditation, the highest of three accreditation levels awarded under STEP's Employer Partnership Programme.

To achieve platinum accreditation, a partner must show that the importance of learning & development is championed throughout the organisation.

The guidance on the Coronavirus Job Retention Scheme (“the Scheme”) is now on its third revision. The most recent revision was published on 9 April 2020. Our commentary on the original guidance published on 26 March 2020 and the update published on 4 April 2020, can be found below. 

Update 9 April 2020

What has been updated?

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During the COVID-19 crisis Stronachs remain committed to assisting you with your business needs.

The Directors’ Helpline gives you access to senior legal advisors for an initial telephone consultation at no cost and is designed to provide directors with some guidance as to their duties and responsibilities during this crisis.

Coronavirus Job Retention Scheme – Updated Guidance 4th April 2020

The Coronavirus Job Retention Scheme (“the Scheme”) is a new temporary government scheme which was announced on 20th March 2020 as part of the government’s response to the COVID-19 pandemic.

Following announcement of the Scheme, the government published guidance on 26th March 2020 (our commentary on which can be found here). The guidance raised a number of issues and questions.

It has been widely reported that Registers of Scotland closed the applications record last week. In response, the Law Society of Scotland released a recommendation to the effect that  purchase/sale/security transactions should not be completed until Registers of Scotland are in a position to clarify next steps.

At present, the process of completing a registrable transaction involves a number of key steps. The first of these is the submission of an ‘’Advance Notice’’ in the run up to completion. Clients are not, generally, aware of the importance of Advance Notices, however, following closure of the application record, the importance of Advance Notices has been thrown into sharp focus.

The Coronavirus (Scotland) Act which was passed by the Scottish Parliament on 1st April 2020 and received Royal Assent on Monday 6th April 2020 provides the Scottish government with a range of emergency powers which will have a substantial impact on the property sector throughout Scotland.

Financial Assistance for Landlords

Included in these new measures is the announcement of financial assistance for Landlords who suffer loss as a result of the Coronavirus pandemic.

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