European Union (Withdrawal) Act 2018 and Project Birch: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Layout.)
 
imported>Doug Williamson
(Mend link.)
 
Line 1: Line 1:
''UK - European Union - Brexit.''
''Business continuity - pandemic - UK.''


(EUWA 2018).
Project Birch is a UK government plan announced in May 2020 to bail out strategically important UK companies facing financial difficulty due to COVID-19.  


The UK's European Union (Withdrawal) Act 2018 was designed to implement the legal changes to implement Brexit in UK law with effect from 31 January 2020, at a time when it was envisaged that 31 January 2020 would be the date when all of the important changes would take effect.
The UK government has:


:'indicated that it is prepared to assist large companies "in exceptional circumstances" and as a "last resort" where an otherwise viable company has "exhausted all options" and its failure would "disproportionately harm the UK economy".'
:''DWF Law, Legal Insights, 29 May 2020''


Subsequently, a transition period to end on the later date of 31 December 2020 was agreed on.


Accordingly, the European Union (Withdrawal) Act 2018 was substantially amended by the European Union (Withdrawal Agreement) Act 2020, in order to give effect to the transition period.
==See also==
*[[Bailout]]
*[[Bounce Back Loan Scheme]]
*[[Business continuity plan]]
*[[Coronavirus Business Interruption Loan Scheme]]
*[[Coronavirus Job Retention Scheme]]
*[[Coronavirus Large Business Interruption Loan Scheme]]
* [[Coronavirus crisis]]
*[[COVID-19]]
*[[COVID-19 Corporate Financing Facility]]
*[[Liquidity management]]
*[[State aid]]




== See also ==
==Resources for COVID-19==
* [[Article 50]]
[https://www.treasurers.org/hub/technical/covid19 ACT technical - COVID-19]
* [[Brexit]]
* [[Brexit Day]]
* [[Brexit transition period]]
* [[Cliff edge]]
* [[Equivalence]]
* [[European Economic Area]]
* [[European Union]]
* [[European Union (Withdrawal Agreement) Act 2020]]
* [[Exit day]]
* [[Hard Brexit]]
* [[IP completion day]]
* [[Parliamentary supremacy]]
* [[Sovereignty]]
* [[United Kingdom]]
* [[Withdrawal Agreement]]


[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]


== Other link==
[https://www.gov.uk/coronavirus UK government: COVID-19 support hub]
[https://www.treasurers.org/hub/technical/brexit Brexit - ACT Resources]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]

Revision as of 09:26, 6 June 2020

Business continuity - pandemic - UK.

Project Birch is a UK government plan announced in May 2020 to bail out strategically important UK companies facing financial difficulty due to COVID-19.

The UK government has:

'indicated that it is prepared to assist large companies "in exceptional circumstances" and as a "last resort" where an otherwise viable company has "exhausted all options" and its failure would "disproportionately harm the UK economy".'
DWF Law, Legal Insights, 29 May 2020


See also


Resources for COVID-19

ACT technical - COVID-19

UK government: support for businesses

UK government: COVID-19 support hub

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=European_Union_(Withdrawal)_Act_2018&oldid=38780’