LATEST NEWS
Genius Money, keeping you up-to-date with all the latest news. You will find articles on all the latest regulatory developments, industry-related updates, financial & payroll related news and much much more...
NEWS
SUBCONTRACTORS HIT OUT AT HMRC OVER SLOW VAT REPAYMENTS
Posted: 31st August 2021
Specialist contractors have hit out at HMRC over the time it takes to reclaim VAT payments following a controversial change in the tax regime earlie...
NEWS
TIMBER SHORTAGE DUE TO 'UNPRECEDENTED' POST-LOCKDOWN DEMAND
Posted: 12th August 2021
The price of timber has risen sharply with builders struggling to get supplies, as post-lockdown construction and DIY projects create huge demand.
...
NEWS
UK CONSTRUCTION FACES ‘PERFECT STORM’ AS SUPPLY SHORTAGES LOOM
Posted: 3rd August 2021
UK construction is facing a “perfect storm” of growing skills and materials shortages as demand for building reaches record levels driven ...
NEWS
DEMAND FOR CONSTRUCTION WORKERS CLOSE TO 20 YEAR HIGH
Posted: 19th July 2021
The staff shortage in construction is continuing to bite, with 33,000 job vacancies for the period of April to June according to the latest figures fr...
NEWS
2021 BUILDING MATERIALS SHORTAGE: WHAT IS THE PRICE OF BUILDING MATERIALS?
Posted: 22nd June 2021
Covid-19, Brexit and booming demand are combining to drive up prices for the essential materials the UK’s construction sector desperately needs....
NEWS
MORE THAN 160,000 STILL FURLOUGHED AT END OF APRIL
Posted: 4th June 2021
More than 160,000 construction workers remained on furlough at the end of April, new figures have shown.
Data released by the government this week&nbs...
NEWS
CONSTRUCTION LEARNERS TO GET SITE SKILLS CARDS
Posted: 2nd June 2021
Construction trainees will soon be given their own skills cards to help oversee work placements.
The new Industry Placement Card will help support l...
PAYROLL NEWS
SELF-EMPLOYED TRADE RATES 20% UP ON A YEAR AGO
Posted: 19th May 2021
Average pay for self employed trades has risen by nearly 20% since the first lockdown a year ago.
According to the industry’s biggest payer of...
NEWS
NUMBER OF FURLOUGHED CONSTRUCTION WORKERS FALLING FASTER THAN WIDER ECONOMY
Posted: 10th May 2021
Number of furloughed construction workers falling faster than wider economy
Latest HMRC data shows size industry’s furloug...
NEWS
WILL THEY COME BACK? WHY BRITISH CONSTRUCTION LOST ITS EASTERN EUROPEAN WORKFORCE
Posted: 4th May 2021
In recent weeks, a persistent rumour has been circulating about migrant workers in construction.
The specifics differ, but the central premise is the ...
NEWS
CONSTRUCTION OUTPUT GROWS BY 1.6% IN FEBRUARY
Posted: 15th April 2021
Construction output grew by 1.6% in February 2021, largely thanks to a 1.5% increase in new work and 1.9% increase in repair and maintenance, as the i...
NEWS
IR35: RISHI SUNAK URGED TO AMEND ‘FLAWED’ OFF-PAYROLL RULES TO ENSURE SELF-EMPLOYED RIGHTS
Posted: 13th April 2021
IR35 LEGISLATION must be re-examined to correct the "fundamentally flawed" nature of how off-payroll rules operate, a group of MPs have said.
IR35 cha...
