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With the furlough scheme now extended until September, new HMRC data shows a 25% increase in headcount for furloughed construction employees, with 244,100 people on furlough at the end of January.
Following initial delays in its implementation, the new VAT reverse charge regime is finally coming into force from 1 March 2021 and will impact employers, developers, contractors, consultants and subcontractors.
70% of medium and large UK construction companies are not fully prepared for upcoming changes to the IR35 legislation, according to a survey by Randstad.
Developer Vijay Madhaparia has been sentenced to 27 months in prison after he falsified documents from the tax authorities.
HMRC warns businesses to prepare for IR35 changes, as Hudson Contract urges contractors and freelancers to avoid blanket determinations or quick fixes.
Phil Hall of the Association of Accounting Technicians (AAT) explains why no government is likely to abandon the domestic VAT reverse charge for construction.
A construction boss from Coatbridge, North Lanarkshire, has been banned from running companies for nine years after he caused HK Construction to submit false tax returns.
Property and construction firms are at the centre of HMRC's investigation into employers it suspects of abusing the furlough scheme.
The Construction Leadership Council (CLC) Covid-19 task force has published Trade Credit insurance guidance to support construction businesses.
87% of construction professionals want to scrap direct funding of CITB and end the CITB Levy, according to a survey by Hudson Contract.
Government to provide guarantees of up to £10bn to Trade Credit Insurance schemes for business-to-business transactions.
The government should cut VAT on renovating buildings, in line with the VAT on new builds, to help revitalise the construction industry after coronavirus, says a new report from Green Alliance
The furlough scheme has been extended for a further four months until October, as workers will continue to receive 80% of their current salary.
Research by the CLC has revealed that only 12% of applications for Government-backed loan schemes have been approved to help construction businesses.
The Construction Industry Coronavirus (CICV) Forum has praised the “speed and efficiency” of the Coronavirus Job Retention Scheme rollout but warns the real test lies ahead.
Hudson Contract has warned that temporary construction workers are being shut out of the government’s Coronavirus Job Retention Scheme.
The economic disorder caused by the coronavirus pandemic will mean constructions companies have to write-off £1.5bn in unpaid invoices in 2021, according to new analysis.
Construction clients must release £4.5bn retention money currently being withheld from contractors, urges the Building Engineering Services Association (BESA).
Many workers who moved jobs in the past month face financial uncertainty, as calls for Government to widen its support grow.
Urban regeneration specialist, MJ Gleeson has furloughed 76% of its workforce in a bid to lessen the financial impact of coronavirus.
The Construction Industry Training Board (CITB) is preparing to furlough a number of its staff to ‘protect construction industry money’ in the face of the coronavirus crisis.
Lyndon Wood, CEO of constructaquote.com, explores what SMEs can do to survive current challenges and what the future will look like once coronavirus is over.
Andy Mitchell, chair of the Construction Leadership Council, has sent a letter to PM Boris Johnson putting forward a plan to sustain the industry and accelerate economic recovery.
The RTPI has urged the government to bring forward the help for self-employed workers as the scheme will not be up and running until the beginning of June.
Only emergency construction work should be allowed to continue order to protect the health and of construction workers, argues the Federation of Master Builders (FMB).
UK’s self-employed construction workers will get a grant of 80% of their average monthly trading profit over the last three years up to £2,500, the chancellor has announced.