PRESSURE MOUNTS ON GOVERNMENT TO PROTECT SUBCONTRACTORS
The Federation of Small Businesses is calling on the Government to accept a raft of public procurement reforms in the wake of Carillion’s collapse.
Latest research by the federation reveals that 25% of businesses who are in the supply chains for public infrastructure projects experience late payment more than half the time.
The FSB is calling for Government to identify opportunities to split up big public procurement contracts, make better use of Dynamic Purchasing Systems and to make sure large government suppliers pay on time. Chairman Mike Cherry said: “Healthy supply chains are a win-win for businesses and tax payers as they create genuine competition, drive productivity, help close skills gaps and fuel economic growth. “Carillion’s collapse demonstrated the urgent need for Government embark on a positive reform agenda to increase value for money for tax payers and to minimise the risk of putting too much power in the hands of a few big firms.
“By setting a good example, Government will set down a marker for Chairs and CEOs of the UK’s largest companies so that they take accountability for embracing good supply chain practice.”
Source - construction enquirer
SELF EMPLOYED .. WHAT CAN I CLAIM AS EXPENSES?
If you're self-employed, you will have various running costs. Some of these expenses you can deduct on your tax return as allowable expenses. Allowable expenses do not include money taken from your bu ...
CHANCELLOR ORDERS REVIEW OF CAPITAL GAINS TAX
The chancellor has commissioned a review of Capital Gains Tax (CGT) to examine how gains are taxed in comparison to other types of income. The office of Tax Simplification (OTS) will undertake the rev ...
BORIS TELLS MP'S TO SUPPORT THE GOVERNMENTS VIEW ON IR35 AMENDMENTS AND OFF-PAYROLL
So we finally find out why so many MP's did not, or did not want to get involved with trying to stop Off-Payroll Working Rules and IR35 amendments, completely ignoring the Finance Bill and report from ...
BRICKWORK CONTRACTOR LOOSE CASE - STATUS OF CONSTRUCTION INDUSTRY CONTRACTORS QUESTIONED BY TRIBUNAL RULING
An Employment Tribunal has thrown into question the status of construction industry contractors in a ruling finding that two contractors were in fact employees and should be afforded the protections o ...
CALL TO BUILD 100,000 HOMES A YEAR FOR COVID-19 HEROES
Ministers are being urged to build 100,000 homes a year to rent for key workers involved in the fight against coronavirus. The Local Government Association has called for a social house building ...
RACE FOR £250M SOUTH EAST NEW-BUILD HOUSING DEAL
South East Consortium is planning to invite tenders next month for a fresh line-up of firms to deliver a £250m new-build housing programme. The 37-member strong consortium consists of sever ...