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...
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 ...
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...
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...
FREE HOME TESTING COVID KITS NOW AVAILABLE TO ALL CONTRACTORS
Posted: 29th March 2021
Construction companies can now order free Covid test kits for workers to use at home. The extension of the workplace testing regime will supply home...
EMPLOYMENT LAW CHANGES: WHAT YOU NEED TO KNOW
Posted: 22nd March 2021
With Brexit, Covid, and new tax rules for the self-employed, this year sees a plethora of significant changes in the field of employment law. Here is ...
AROUND 350,000 NEW CONSTRUCTION JOBS WILL NEED TO BE CREATED BY 2028 TO KEEP THE GOVERNMENT’S COMMITMENT TO ACHIEVING NET ZERO GREENHOUSE GAS EMISSIONS BY 2050 ON TRACK.
Posted: 15th March 2021
Around 350,000 new construction jobs will need to be created by 2028 to keep the government’s commitment to achieving Net Zero greenhouse gas ...
ALL CONSTRUCTION COMPANIES CAN NOW GET FREE COVID TESTS
Posted: 8th March 2021
Construction companies of all sizes can now register to order free lateral flow Covid tests for their employees from the government. The tests detec...
BUDGET 2021: UK'S TAX BURDEN TO 'REACH HIGHEST LEVELS SINCE 1960S'
Posted: 4th March 2021
The UK's tax burden is to rise to its highest level since the 1960s, the Office for Budget Responsibility has said, after the chancellor set out pla...
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...
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 ...
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...
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...