Latest blogs for Construction

4th November 2016 Building Information Modelling

Construction Projects: Use of cloud accounting helps with BIM. Are you part of a construction project team? There is increasing publicity being given to the integration of Building Information Modelling (BIM) into construction projects. Since 4 April 2016, any firm wanting to be considered for public sector construction work has to be BIM level 2…

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12th August 2016 CIS Administration

Builders: Problems obtaining CIS refunds from HMRC ? Over recent years many limited company subcontractors working in the construction industry have experienced problems and delays in obtaining their CIS refunds from HMRC, due records not matching, i.e. the contractor who made the deduction has not correctly reported this on their monthly CIS returns. Subcontractors who…

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19th July 2016 CIS Verification

CIS: Why are our subcontractors now showing as unverified? This is a phrase undoubtedly being heard in the offices of construction industry firms nationwide as HMRC appear to be having some CIS online service verification issues.  Contractors looking to complete their latest monthly return may be logging on to their online services to find that…

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13th April 2016 Business Credit Rating

Business Credit Rating: Poor rating hurting your business? If there is one positive that has come out of the UK’s double-dip recession, then it is reminding businesses of how important their credit rating is. In many sectors, both suppliers and customers have now re-engineered their processes to routinely look at a company’s credit ratings. Within the UK,…

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7th October 2015 Tax Compliance for Builders

Removal of CIS Gross Payment Status: Financial consequences no longer relevant. A recent HMRC appeal (CRC v J P Whitter) heard in the Upper Tribunal overturned a decision made by the First-tier Tribunal to reinstate gross CIS payment status on the grounds of it having a ‘significant detrimental effect on the business’. The Upper Tribunal…

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24th June 2015 CIS Compliance Amendments

CIS: Welcome relaxation in red tape. The government has announced that it will implement a package of improvements to the CIS. The stated aim of the changes is to reduce the administrative and related cost burden on construction businesses. The measures should result in more subcontracting businesses being able to achieve and maintain gross payment…

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24th September 2014 CIS Compliance

Proposals to Reduce the CIS Tax Compliance Burden on Construction Sector. The Chartered Institute of Taxation (CIOT) has published its response to HMRC’s proposals to introduce mandatory online CIS filing for contractors, amend the gross payment status turnover and compliance tests and improve the sub-contractor verification process. It welcomes the proposals aimed at reducing the…

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30th June 2014 Worker Tax Status

Employer or Self-Employed? – that is the question As an employer, legislation makes it your responsibility to correctly determine the employment status of your workers – that is, whether they’re employed by you or self-employed. This depends on the terms and conditions of your working relationship with each worker. It’s important to get your workers’…

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21st May 2014 Status Workaround

Schemes now appearing in Construction Sector to Circumvent HMRC’s new Disguised Employment Anti-Avoidance Rules. The Government’s new rules to tackle the false self-employment of construction workers and agency ‘temps’ entered into force on 6 April 2014, but were swiftly followed by headlines such as ‘New model tries to duck false self-employment rules’ in the recruitment…

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10th December 2013 Worker Status

2013 Autumn Statement: HMRC attack construction worker status, AGAIN! Construction is a trade which continually has issues with worker status. The building main contractor wants the flexibility of hiring labour only sub-contractors as and when required, but it does not want the rights and costs that come with employment. A present day workaround to this…

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