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...


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NEWS
CITB PROPOSES TAKING LEVY BACK UP TO PRE-COVID FIGURE
Posted: 1st March 2021
The Construction Industry Training Board (CITB) has proposed hiking its levy back up to pre-covid rates from 2022 as it launches a consultation into i...
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NEWS
SELF-EMPLOYED WORKER NUMBERS 13% DOWN ON PRE-COVID LEVEL
Posted: 26th February 2021
Numbers of self-employed workers are slowly returning to the pre-Christmas level despite worries that many eastern Europeans would not return after ...
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NEWS
CONSTRUCTION CONTRACT AWARDS DROP BY 12% IN JANUARY
Posted: 22nd February 2021
The value of construction contract awards decreased by 12% in January to £4.3bn, 10% lower than the monthly average in 2020 When compared to&nbs...
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IMPORTANT ANNOUNCEMENT
HMRC ANNOUNCE THAT SELF ASSESSMENT CUSTOMERS WILL NOT BE CHARGED LATE PAYMENT PENALTIES
Posted: 19th February 2021
Today HMRC has announced that Self Assessment customers will not be charged the initial 5% late payment penalty if they pay their tax or make a Time t...
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NEWS
UBER HAS LOST IN THE SUPREME COURT. HERE’S WHAT HAPPENS NEXT
Posted: 19th February 2021
Uber has lost a landmark case in the Supreme Court and must now classify drivers on its platform as workers. The ruling entitles Uber drivers to minim...
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NEWS
REVERSE VAT IS FAST APPROACHING
Posted: 16th February 2021
VAT registered construction businesses are advised to be aware of the reverse charge measure that is to be implemented from 1 March 2021. Letters were...
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NEWS
HOW CONSTRUCTION CAN FIX ITS IMAGE POST-PANDEMIC
Posted: 16th February 2021
The new year is barely under way, yet it has already brought with it momentous change – new vaccines for COVID, being delivered at phenomenal pa...
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NEWS
CIVILS CONTRACTORS “RECRUITING FOR RECOVERY”
Posted: 8th February 2021
Rising workloads mean civils contractors are now “recruiting for recovery.” The latest Civil Engineering Contractors Association’s...
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NEWS
THE UK CONSTRUCTION ACTIVITY CONTRACTS FOR FIRST TIME IN SEVEN MONTHS 
Posted: 4th February 2021
Construction output shrank in January, signalling the first reduction in activity in seven months. According to the latest CIPS/IHS Markit PMI data...
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IMPORTANT ANNOUNCEMENT
UK GOVERNMENT ANNOUNCES PAY RISE FOR MILLIONS OF PEOPLE
Posted: 4th February 2021
Millions of UK workers to receive increase in pay from April 2021 following rise in the National Minimum Wage and National Living Wage. Publis...
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NEWS
DOMESTIC REVERSE CHARGE 4: NEW 5% DISREGARD RULE AND OTHER INVOICING QUIRKS
Posted: 4th February 2021
Neil Warren explains how the 5% disregard rule works, and why subcontractors should be careful when invoicing for work undertaken on new dwellings. Th...
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IMPORTANT ANNOUNCEMENT
CHANCELLOR WARNED CONSTRUCTION VAT PLAN RISKS RECOVERY
Posted: 4th February 2021
Chancellor Rishi Sunak is being urged to abandon VAT changes which could cause a cash-flow crisis across construction. The Construction Leadership Cou...
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