The original “State of Alarm” declaration was promulgated by the Government with its Royal Decree 463/2020 of 14 March, which contained a list of activities that were closed with immediate effect. The list has grown over time with further regulations. The original closure was for 15 days expiring at midnight on 29 March and this … Read more
This article explains the new ICO loan facilities that high street banks will now be able to offer businesses that have been affected by Covid-19
In order to assist the self employed of Spain the Government has enhanced the possibility for the self-employed to claim unemployment benefit. Who is entitled to make this claim? A self-employed person whose business activity was suspended due to the declaration of the state of alarm (See activities listed https://www.spenceclarke.com/articles/covid-19-labour-update-20-3-2020/) Or A self-employed person who … Read more
This article focuses on the rules concerning the emergency measures to assist people during the Covid-19 crisis, in particular the rules that enable people to benefit from the mortgage payment moratorium. This measure was incorporated into the Law 8/2020 of 17th March, which introduced urgent and extraordinary measures to support the economy to face the … Read more
There is considerable confusion concerning which activities are authorised and which are prohibited. To help avoid confusion here is an actual copy of the lock down instructions that are being used by the Guardia Civil and the municipal police and a literal English translation. These have been in force since 14 March. The press has … Read more
To date, the provisions incorporated into new tax legislation to help businesses during the Covid-19 crisis are not particularly wide-ranging. In this article we describe these in full. Postponement of tax payments available to small businesses All businesses whose sales for the year ended 31 December 2019 were less than 6.010.121,04€ have the right to … Read more
In normal circumstances the temporary closure of a business or the substantial modification of employee working conditions is a slow, complex and expensive process. The Spanish system seems to be designed to catch out employers and an insignificant error in the formalities can undo the whole process, with very expensive consequences. In general terms, where … Read more
For many weeks we have all been observing the outbreak of this disease with a kind of detached fascination – but reality has finally struck home in Spain. With effect from 14 March, the Government declared a ‘State of Alarm’ using legislation that dates back to 1981. This allows the Administration extraordinary powers for the … Read more
A Supreme Court ruling in December 2019 has created a valuable opportunity that allows recently set up businesses to reclaim social security contributions. In 2014 the Government introduced measures to stimulate the creation of new businesses. One of these measures was to grant the newly self employed a substantial reduction in their contributions for the … Read more
Can this really be true?Well, unbelievably, perhaps. One of the promises made by the right wing parties during the December 2018 elections in Andalucía was to reduce taxes. We all know that politicians like to promise to reduce taxes and increase public spending at the same time but one of the few things that the … Read more
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