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Press Release

German/British publication in international magazine "Financer Worldwide"

Andre Happel
23/10/2020

Locations

Germany

In the November issue of the international magazine "Financer Worldwide" Andre Happel, together with his British colleagues Philippe Freund and Hartley Foster, publishes an article as a special feature on the short-time working programs within the EU and the UK during the corona crisis.

  He discusses the main differences between the Job Support Scheme (JSS) and the Coronavirus Job Retention Scheme (CJRS) in the UK and draws a comparison with the German short-time working system ("Kurzarbeit"). Compared to Germany, the UK has to contend with some more difficulties. These include, in particular, cases of fraud relating to applications in connection with the British CJRS allowance payments. These cases can potentially have serious consequences both for the UK itself and for the companies affected. However, 27,000 "high-risk" cases within the UK in connection with the CJRS are possibly only the beginning of a long and extensive investigation. There will be substantial review procedures of the already processed applications of CJRS and JSS, which will most likely have strong tax implications.
 
Andre Happel focuses on providing tax advice for corporate clients on mergers and acquisitions, reorganisations and other German and international corporate tax matters. He also consults clients on tax matters relating to restructuring cases and advises partnerships and their partners on their tax affairs.

You can find the complete article here.

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