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
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...
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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. ...
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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 ...
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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...
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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....
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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...
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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...
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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...
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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...
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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 ...
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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...
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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...
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