Author: Spanish Chamber

  • BLOG POST | How can the Coronavirus Job Retention Scheme help your business?

    BLOG POST | How can the Coronavirus Job Retention Scheme help your business?

    BLOG POST BY OUR MEMBER BUCKLES SOLICITORS LLP

    The Coronavirus Job Retention Scheme (CJRS), announced by the UK Government on 20 March 2020, introduces several measures to help mitigate the economic impact on businesses.

    The Scheme introduces the concept of furlough leave which allows all UK employers to reclaim 80% of their wage costs, up to a maximum of £2500 per month per employee. They can also reclaim the related employer NI and minimum pension auto-enrolment contributions.

    The intention of this scheme is to allow businesses to retain employees through a period of enforced inactivity due the coronavirus situation and reduce the need for redundancies. All employees on the payroll on 28 February and under a PAYE scheme are covered by the CJRS. The Scheme is backdated to 1 March and available for an initial period of three months, which the Government can extend if necessary. It’s anticipated that the HMRC portal will be accessible to employers from the end of April.

    Before reclaiming wage costs from HMRC, employers must agree the period of furlough leave with the employees concerned. Employees must be furloughed for a minimum of three weeks and furloughed employees are not permitted to conduct any work during the furlough period. Employers can rotate the allocation of furlough leave among their employees if they wish.

    Employees who have been made redundant since 28 February can be furloughed if rehired. Any employees currently on sick pay or self-isolating can only be furloughed when these periods end.

    Some employees have already had their working hours and pay reduced temporarily since the crisis began. Employers cannot seek to reclaim wages costs for employees who continue to work in this capacity. Reducing hours and pay may be attractive to employers seeking to continue trading, however, in most cases, this approach is likely to prove more expensive than taking advantage of the furlough leave scheme.

    In summary, the process that employers must follow when accessing the CJRS is as follows:

    • Determine which employees you wish to place on furlough leave and notify them of your intention. It would be good practice to have sound objective grounds for this selection process to avoid allegations of discrimination arising. This can also involve requesting volunteers to take furlough leave.
    • Agree furlough leave with the employees concerned. For most, this will be a formality as furlough leave will be a preferable option compared to redundancy, however, it is possible that an employee may refuse to agree to the change in which case other options such as reduced hours/pay or redundancy may need to be considered.
    • Confirm furlough status in writing to employees concerned. This is an eligibility requirement for accessing the CJRS.
    • Submit details to HMRC about the furloughed employees and their earnings through the new online portal when this goes live
    • Ensure that furloughed employees do not continue to work for you for the applicable period.

    We’re helping employers with this approach to help protect their employees’ jobs and the ongoing viability of their businesses. If you require any help, please contact us.

    www.buckles-law.co.uk

    Giles Betts: https://www.buckles-law.co.uk/about/people/giles-betts/

  • WEBINAR WITH RT HON GREG HANDS MP, MINISTER OF STATE AT THE DIT

    WEBINAR WITH RT HON GREG HANDS MP, MINISTER OF STATE AT THE DIT

    Earlier this month we held our first webinar in collaboration with the Department for International Trade (DIT) of the British Government. Approximately 150 participants tuned in to hear the Rt. Hon. Greg Hands MP, Minister of State of the department, speak about investment, international trade, the commercial relationship between the UK and Spain and the economic impact of the COVID-19 pandemic.

    This first online edition of the Meliá Business Breakfasts series also saw the participation of Mr. Michael Charlton, Managing Director & Chief Investment Officer at the DIT, who answered some of the questions that participants had both sent in advance and during the session.

    At a time when thoughts are dominated by the impact of COVID-19 in all areas of life, the Minister began by addressing the current situation and expressing his sympathy for Spain, and the impact that the crisis is having on the country:

    The Minister went on to speak about the UK-Spain trading relationship, stating that “Spain is the UK’s 7th largest trading partner: a vibrant trading relationship ranging from the automotive sector to food and drink, finance to telecommunications” and said that with regard to services, “the UK is Spain’s number one trading partner, eclipsing the huge revenue generated by British tourism”.

    Listen what the Minister had to say about trade between the two countries:

    Upon addressing the topic of investment, the Minister highlighted the importance of Spanish companies in the UK such as Ferrovial, Iberdrola, Inditex, Santander, Cellnex, Repsol, Talgo or Dragados, which all have significant operations in the British market.

    It is vital that we work together to keep our markets open and global supply chains intact” stated the Rt Hon Greg Hands MP when speaking about the DIT and how they can support Spanish companies that want to operate in the UK: “we have DIT experts spread across the world working with potential investors to help them invest and grow in the UK. We provide expert advice on everything from opening bank accounts to paying taxes, financial modelling to visas, research and accessing finance”

    Last but not least, the Minister addressed the topic of Brexit, asserting that “the EU exit does not mean the UK is closing itself off from Europe – far from it”. He went on to substantiate the British government’s value of the contribution that EU citizens make to life in the UK by saying that “this is why we have made it a priority to safeguard the rights of EU citizens living in the UK, and those of UK nationals living in the EU

    Thank you very much to all of those who joined us for our first Business Breakfast webinar, and especially to Minister Greg Hands for sharing his insight with us! If you missed the session, you can now watch the full video on our YouTube channel: https://bit.ly/3448wEJ

    Keep an eye on the Events section of our website to find out about the next editions of our online Meliá Business Breakfasts, as well as many other insightful webinars!

     

     

     

     

  • BLOG POST | Coronavirus Job Retention Scheme

    BLOG POST | Coronavirus Job Retention Scheme

    BLOG POST BY OUR MEMBER CRIPPS PEMBERTON GREENISH

    The Government has introduced a Coronavirus Job Retention Scheme (CJRS) to support businesses whose operations have been severely affected by the coronavirus crisis. This scheme reimburses the business for the employment costs of the employees they would otherwise need to make redundant or to lay off temporarily without pay. The scheme is similar to emergency legislation in Spain allowing for the temporary suspension of employment contracts.

    The CJRS supports an arrangement of ‘furlough’ during which the employer can claim reimbursement from HMRC of 80% of the employee’s gross salary, up to a cap of £2,500 per month while the employee is not working. Commission and bonuses cannot be included in the claim. The employer can also reclaim employer National Insurance contributions and some employer pension contributions. Unlike in Spain, there is no requirement for the employer to commit to retaining the employee for any length of time after it is able to re-start its business activities.

    All UK organisations with employees are eligible to receive support under the scheme, provided they had an operative PAYE payroll on 28th February. This is understood to include foreign companies provided they operate a UK payroll through PAYE.

    The CJRS applies to any employees of the business, and other workers paid through PAYE such as casual staff, so long as they were on the organisation’s payroll at 28th February. Employees hired since 1st March are not eligible. It will not cover consultants and contractors who are outside PAYE, who may be eligible for support under the separate Self-Employed Income Support Scheme.

    The scheme can also be used where a business chooses to re-hire employees who were dismissed on redundancy grounds from 1st March. In this situation the employer may require the repayment of any redundancy payments which have already been paid.

    Unlike in Spain, the scheme does not directly support employees who are put onto reduced hours and pay (short-time working), and both employer and employee may be better off financially if the employee is instead fully released from their work duties. The scheme also cannot be used for employees who were already on unpaid leave before 28th February.

    In order to access funding from HMRC, the business has to designate affected employees as ‘furloughed workers,’ and communicate this change to the employees in writing. This is likely to require the consent from the employees under their employment contract. It is best practice to set out in writing the furlough arrangements and the employee’s express consent to this temporary variation of their contractual terms. An employee placed on furlough may not carry out any work duties for their employer. The minimum period of furlough is 3 weeks.

    The business then has to submit information to HMRC about the furloughed employees and their earnings through a new online portal. It will take some weeks before this system is up and running, and the Government expects the HMRC to start making payments by the end of April 2020. The CJRS will initially operate for the period between 1st March 2020 to 1st June 2020.

    Businesses will not be obliged to make up the 20% difference (or higher difference for employees whose salary is over £37,500) or any part of this difference, although the expectation is that they will do so if they can.

    Cripps Pemberton Greenish is keen support Spanish Chamber of Commerce members with the implementation of furlough arrangements for their employees.  We have put together a bespoke package which combines guidance, documentation and hands-on advice.  It includes:

    • Guidance and FAQ’s to explain and support you with the process of implementing the scheme
    • A letter to staff explaining the scheme and the plans to put your staff on furlough leave
    • A letter to specific staff seeking their agreement to furlough leave and to vary their terms of employment
    • A follow up call (of up to 1 hour) or email to discuss any specific questions or concerns once the guidance and letters have been considered.

    The fee for the package is £800 plus VAT. For more information, please contact us on 01892 506 329 or email laura.goodhew@crippspg.co.uk.

     

     

     

     

  • BLOG POST | 5 Ways to Manage Remote Team Members More Effectively

    BLOG POST | 5 Ways to Manage Remote Team Members More Effectively

    BLOG POST BY OUR MEMBER FASTRACKTOREFOCUS COACHING

     

    It is a reality that nowadays most of the people are working from home.

    It’s only fair that you manage them now the same way you when you were office based. Specially to help them during these difficult circumstances

    Ideally you and your employees should run your business in the same way, but reality is that remotes’ situation is different — and you’ll need a different approach in order to help them thrive. In most cases, you’ll need to work extra hard on your management fundamentals (like be even more proactive about giving feedback), plus make some special, remote-friendly adjustments. Here’s how:

    1. Have early and ongoing conversations with remotes around when they should — and shouldn’t — act without you.

    Remote team members often face a longer lag time when seeking your input

    To avoid these potential snags, proactively be direct about your preferred level of involvement, too (e.g., “Please go ahead and publish blog posts if I haven’t provided feedback by the deadline”). And come to an agreement on the level of autonomy you each think is reasonable.

    1. Proactively block off time to be more accessible to remotes.

    Most managers are so busy they have a hard-enough time noticing when something’s going on with a team member who sits a few desks away

    The solution? Don’t just tell your remotes, “I’m here if you need me.” Block off availability to actually be there for them

    1. Specifically allocate a bit of 1-on-1 time for casual chatting with remote team members.

    Isn’t chitchat a waste of precious time? Only if you overdo it. On the other hand, if you skip it entirely, you’re missing a great opportunity to build rapport and two-way trust with your remotes and signal to them that you don’t see them as work machines. Plus, small talk can provide a better window into your remotes’ emotional state — for example, whether they’re feeling isolated or burned out during these difficult circumstances

    1. Frequently ask input during virtual meetings.

    Ask yourself: Are your remote team members actively contributing to the creativity and progress of the team? Or are they just a face on the wall or an invisible voice in the speaker, struggling to jump into the conversation?

    Now more than ever, you want your employees to speak up and contribute. To be sure remotes get ample airtime, you could assign them to lead a portion of your meeting agenda or use facilitation techniques to quiet other participants

    1. Help your remotes face and overcome professional-development disadvantages

    Being remote really can put them at a professional-development challenge. You’ll both need to work harder to make sure they get ample learning opportunities and coaching and ongoing feedback continue happening even if over the phone. Coaching is a crucial tool during times of change.

    Hope these 5 tips help you to overcome the challenges of working with remote teams.

    We will be talking more about How To Achieve Results In Unpredictable Times during our webinar on April 21st. SECURE YOUR SPACE HERE

    For more information about  Your Member’s Discount for Corporate & Executive Coaching and workshops please contact me at fastracktorefocus@fastracktorefocus.com or BOOK HERE

     

    Would you like to be featured on our blog? Contact our Communications team here.

  • BLOG POST | Working from home? Cyber Security Concerns and how to protect your data remotely

    BLOG POST | Working from home? Cyber Security Concerns and how to protect your data remotely

    BLOG POST BY OUR MEMBER TECHNORIZON:

    Last Wednesday, the World Health Organization declared the coronavirus a pandemic, a move that will surely boost the number of companies asking employees to work from home. Working from home might be convenient and safer for your employee. However, it is not secure for the business and data they are accessing remotely, especially if its sensitive data, such as private customer information.

    Remote workers are at higher risk of being hacked because they are likely to be using less secure computer settings. With that in mind, we have decided to put together a few “cyber hygiene” tips and advices on how to be more secure while working remotely.

    • Use a VPN which effectively encrypts data travelling between a remote computer and the work network.

    • Multi-factor authentication to grant access to company’s data only after successfully presenting two or more pieces of evidence.

    • Check for software and security updates on their devices to ensure they are always fully protected

    • Being warier of clicking on suspicious links, especially those related to coronavirus, seeing that attackers are banking that fear will better prompt victims to click without thinking.

    • Employees are usually the weakest link in cybersecurity. Make sure you do the required training to keep them aware and on track of the cyber-security measures and guidelines in place.

    Stay safe everyone!

    Would you like to know more about our member Technorizon, click here.

     

     

     

  • J.P. MORGAN | NEW PATRON OF THE CHAMBER

    J.P. MORGAN | NEW PATRON OF THE CHAMBER

    We would like to welcome J.P. MORGAN as a new Patron of the Spanish Chamber.

    J.P. Morgan has operated in Europe for nearly 200 years and has a sophisticated local market presence across Europe, the Middle East and Africa (EMEA). Within the region, J.P. Morgan has an unparalleled client base and leadership across the spectrum of financial services products. The regional head office in London is complemented by a strong regional footprint, with offices in all major financial centres.

    Globally, through the JPMorgan Chase Foundation, the company makes philanthropic investments in cities where they have major operations, assisting those at a disadvantage by helping them build better lives for themselves, their families and their communities. Across EMEA, the firm focuses its investment on three pillars: Economic Development, Financial Empowerment and Workforce Readiness.

     J.P. Morgan is a global leader in financial services, offering solutions to the world’s most important corporations, governments and institutions in more than 100 countries.

    Their business activity encompasses a wealth of businesses including Investment Banking (strategic advice and solutions), Markets (market-leading research, analytics and trade execution across multiple asset classes), Investor  Services (supporting institutional investors in global markets with custody and fund services), Treasury Services (providers of cash management, liquidity, trade and escrow solutions), Asset Management (leaders in investment management) and Private Banking (investments, liquidity and credit management and tax and estate planning).

    Should you wish to know more about our new patron, please visit their website by clicking here.

     

  • EVENT | New Year’s Drinks Reception 2020

    EVENT | New Year’s Drinks Reception 2020

    On Tuesday 28th January the Spanish Chamber of Commerce celebrated its annual New Year’s Drinks Reception. We were so delighted to hold this edition at the prestigious Royal Academy of Arts and in that regard, for our guests to have the chance to enjoy the highly anticipated Picasso & Paper exhibition which had recently opened at the gallery.

    On this occasion we welcomed Rebecca Salter, the President of the Royal Academy of Arts as our Guest of Honour, who gave a speech to the guests during the reception.

    The President of the Spanish Chamber of Commerce in the UK, Mr. Eduardo Barrachina, had opened the evening with a speech which highlighted that our organisation is “the official Spanish trade association in the UK. But we are neither blind nor indifferent to culture. We do see it as a creator of wealth, jobs and as a means to bring people together. Tonight it is an example of how culture can shape cities like London” adding that “the Royal Academy of Arts has done an extraordinary job putting together this unique exhibition and I congratulate Rebecca for this”.

    After his words, our president went on to thank Minister of State Conor Burns, from the Department of International Trade, for his attendance at the reception.

    Continuing on from the president, the Ambassador of Spain, H.E. Mr. Carlos Bastarreche, also gave a short speech.

     

     

    As the guests arrived to the Fine Rooms they were welcomed with a glass of wine or cava which was generously provided by our members Codorníu Raventós, Marqués de Cáceres and Mahou San Miguel. Hispania also served a variety of delicious Spanish food.

     

     

    During the event and away from the crowds, our guests had the opportunity to visit the newly opened Picasso and Paper exhibition free of charge and at their own leisure.

     

     

    We would like to sincerely thank our member GVA Gómez-Villares & Atencia for sponsoring the event as well as all who came and joined us this year.

    If you would like to be kept updated about our upcoming activities, we encourage you to sign up for our newsletter which is sent out every two weeks. Alternatively, you can also check out our future events in the UPCOMING EVENTS section of our website.

     

  • CELLNEX | NEW PATRON OF THE CHAMBER

    CELLNEX | NEW PATRON OF THE CHAMBER

    We would like to welcome Cellnex UK as a new Patron of the Spanish Chamber.

    Cellnex Telecom is the main infrastructure operator for wireless telecommunications in Europe that provides services in Italy, Netherlands, France, Switzerland, Ireland, Portugal, Spain and the United Kingdom. Country in which it has been present since 2016, working with the main British mobile operators for the development of a mobile network fit to match the country’s ambitions

    The company is listed on the continuous market of the Spanish stock exchange and is part of the selective IBEX 35, EuroStoxx 600 and MSCI Europe indices. It is also part of the FTSE4GOOD, CDP (Carbon Disclosure Project), Sustainalytics and “Standard Ethics” sustainability indexes.

    Cellnex’ offer comprises a range of services to guarantee the conditions for reliable and high-quality transmission of voice, data and audiovisual contents.

    It also develops solutions in the field of “smart cities” projects that optimise services to the citizen via networks and services that facilitate municipal management.

    Furthermore, Cellnex plays a relevant role in the deployment of safety and emergency networks for the security forces, known as PPDRs (Public Protection and Disaster Relief).

    Should you wish to know more about our new patron, please visit their website by clicking here.

  • EVENT | X Annual Gala Dinner 2019

    EVENT | X Annual Gala Dinner 2019

    On 14th November the Spanish Chamber of Commerce hosted its Annual Gala Dinner, presided by H.E. Ambassador of Spain Carlos Bastarreche at the elegant Plaisterers’ Hall in the City of London.

    On this occasion we were honoured to welcome Mr. José Antonio Álvarez, CEO of Banco Santander Group, as our Guest of Honour.

    The event was an absolute success that gathered together almost 300 guests, who enjoyed a memorable evening of networking and meeting other Chamber members over some delicious food and drinks.

    As the elegantly dressed guests arrived on the evening they were welcomed by the Chamber’s team as well as the Toast Master who guided them to the drinks reception, where they were able to enjoy an exquisite selection of sushi, prepared freshly in front of them by our sponsors ZELA London; as well as a cold glass of smooth cava provided by Chamber Patron Raventos Codorniú.

    After the drinks reception had been an hour underway, our Master of Ceremonies called for the guests to start moving to their tables in the expansive and impressive Great Hall. After everyone had found and taken their seats, the Ambassador stood to give a toast to both the King of Spain and the Queen of England.

    Following the toast, the guests proceeded to enjoy a fine three courses feast which was perfectly complemented by the top quality wines from our Patron Marqués de Cáceres. To begin, guests enjoyed crab meat croquette served with a piquillo pepper puree followed by the main course of neck of lamb with a Spanish red wine reduction. The banquet was perfectly concluded with a spiced plum & Spanish almond tart, served alongside a decadent and irresistible cheese selection which was generously provided by our member Hispania.

    Following the dessert and once the coffees and petits fours had been served, the speeches were able to begin which were introduced by the toast master.

    “This Chamber is a faithful reflection of the excellent bilateral relations between our two countries in economic, cultural, commercial, educational and financial aspects” highlighted the CEO, adding that “I’m optimistic about the future of both countries. I am confident our citizens, companies and even our governments will embrace change, adapting to the quickly evolving world to better face our global challenges”.

    The President of our Chamber, Mr. Eduardo Barrachina went on to comment on Santander’s journey in the UK: “very few companies have changed British life as much as Santander. It remains one of the most profitable and efficient banks in the world employing more than 25,000 people and providing financial services to more than 25 million”.

    Following the dinner guests were able to continue the festivities over drinks at the bar, resulting in a late finish but a pleasant time being had by all. We would like to warmly thank our members and their guests for joining us on this special 10th edition of our annual Gala Dinner.

    Once again, we would moreover like to express our gratitude for the generosity of our sponsors Raventós Codorníu, Marqués de Cáceres, Hispania Restaurant and ZELA London for their contribution to the resounding success of this event. We are already looking forward to next year’s edition!

    Did you miss the X Gala dinner? You can find here the full photo album from this event.

    To find out about upcoming events organised by the Spanish Chamber of Commerce in the UK, click here.

     

  • EVENT | Annual Golden Award 2019

    EVENT | Annual Golden Award 2019

    The Spanish Chamber of Commerce in the UK celebrated its Annual Golden Award on the 14th October at the Spanish Embassy in London. This is one of the main corporate events that the Chamber organises each year and acknowledges the significant commercial activity of a Spanish company in the United Kingdom during the previous year.

    This year the company receiving the award was Grupo Antolín, one of the largest players in the car interiors market internationally and top worldwide supplier of headliner substrates. Ms. María Helena Antolín Raybaud, Vice-Chair of the company, received the award and expressed her gratitude for this recognition.

    The event began with H.E. Mr. Carlos Bastarreche, Spanish Ambassador in the UK, who is also the Honorary President of the Spanish Chamber, welcoming the attendees and congratulating Grupo Antolín for their outstanding activity in the UK.

    Following his speech the President of the Chamber, Mr. Eduardo Barrachina, introduced the awarded company and provided further information about the achievements of Grupo Antolín, which has a global presence in 26 countries, 155 production plants and Just-in-Time centres and 25 technical-commercial offices.

    Ms. Antolín shared with the attendees her feelings of gratitude for receiving such an important recognition for the outstanding work of Grupo Antolín and its international strategy, which has led up to them reaching annual sales of 5,425 million euros (2018), while employing 30,000 individuals.

    More than 200 guests were present at the event, representing member companies from both Spain and the UK. This was a great opportunity for all of them to expand their networks and meet new professionals from the Anglo-Spanish business community in an impressive place like the Embassy.

    We take this opportunity to thank our kind sponsors on this special occasion. We are grateful to our patron Raventós Codorníu for providing the cava and the Viña Pomal red wine, our corporate member Villarta for their delicious wine, and our corporate member Brindisa for their tasteful Ibérico ham. Finally we would also like to thank our members for joining us.

    We encourage you to browse the Upcoming Events section of our website in order to keep up to date with future Spanish Chamber corporate events, seminars and other activities. We look forward to seeing you soon!

     

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