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HMRC Update: Reverse VAT and IR35 Webinar

TICA & ACAD members are invited to our members only webinar this Friday from 1pm until 2pm to learn more about the impact of Reverse VAT from 1st March and IR35, the new rules regarding employment status, from April. Whilst the #StopReverseVAT campaign continues, the planned introduction of VAT Reverse Charging on the majority of construction-related services is still planned toREAD MORE

Brexit Update

The UK has left the EU, and the transition period after Brexit comes to an end on 31 December and there will be no extension. The Department for Business, Energy and Industrial Strategy (BEIS) are releasing the latest information for businesses so they can take action now to get ready for new rules from January 2021. WhilstREAD MORE

Secretary of State letter to the Construction Sector

The Right Honourable Alok Sharma MP, Secretary of State for Business, Energy & Industrial Strategy (BEIS) has issued a letter to UK Construction recognising the positive work we are all doing as a fundamental part of the UK economy. The Secretary of State for BEIS goes on to remind everyone that the construction sector remainsREAD MORE

Announcements from Construction Leadership Council

Following the Prime Minister’s announcement on Saturday, the CLC Co-Chair Andy Mitchell has written to the construction industry. The Construction Leadership Council has reinforced the Government’s message that the industry should continue to trade through the new lockdown. Read More

Furlough Scheme Extended

The Coronavirus Job Retention Scheme has been extended for one month, with employees receiving 80% of their current salary for hours not worked, up to a maximum of £2,500. Under the extended scheme, employers will only have to pay National Insurance and pension contributions, with the Government paying the full 80% of wages, and details ofREAD MORE

England Lockdown Announced

The Prime Minister addressed the nation on Saturday evening to announce a four‐week lockdown in England from this Thursday 5 November until Wednesday 2 December. The new restrictions include requiring people to stay at home except for specific purposes, not mixing with other households, and the closing of certain businesses and venues. Construction and manufacturing should stay open acrossREAD MORE

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