Directors who dissolve companies and leave creditors “out of pocket” may be disqualified for up to 15 years under new legislation, it has been announced.
The new IR35 tax scheme is deeply flawed” and has “opened the door to rogue providers and the mis-selling of tax avoidance schemes,” according to members of a parliamentary committee.
The construction sector appears to be in promising shape with figures for the first quarter of 2021, released by the Construction Product Association (CPA), showing a healthy 13 per cent increase.
At the start of April, the Government will introduce the new super-deduction and special rate first-year allowance to help construction businesses invest in qualifying plant and machinery, as the nation looks to rebuild.
As part of a package of new measures to help kick-start the British economy, the Government has, this month, launched a new Recovery Loan Scheme.
Latest research has revealed widespread confusion across the construction sector, with clients and construction firms unsure who is liable for contract breaches as a result of the pandemic.
If your construction or engineering business is run as a partnership or you have shareholders with a financial interest in your company, it is important to put in place a formal, legally binding agreement.
Construction companies have been warned that they will face “intense scrutiny” from the Government if they submit public sector bids which are felt to be “unrealistically low.
New guidance published by the Government ahead of the implementation of off-payroll IR35 rules for the private sector has confirmed that penalties will be waived for the first 12 months of implementation.
We would like to take this opportunity to tell you about a change in our company’s structure.