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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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22Feb
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Construction contract awards drop by 12% in January

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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19Feb
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HMRC announce that Self Assessment customers will not be charged late payment penalties

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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19Feb
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Uber has lost in the Supreme Court. Here’s what happens next

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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16Feb
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REVERSE VAT IS FAST APPROACHING

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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16Feb
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How construction can fix its image post-pandemic

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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08Feb
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Civils Contractors “recruiting For Recovery”

Rising workloads mean civils contractors are now “recruiting for recovery.” The latest Civil Engineering Contractors Association’s...

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08Feb
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The UK construction activity contracts for first time in seven months 

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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04Feb
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UK government announces pay rise for millions of people

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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04Feb
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Domestic Reverse Charge 4: New 5% disregard rule and other invoicing quirks

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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04Feb
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Chancellor warned construction VAT plan risks recovery

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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04Feb
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Construction Covid-19 wage support nears £15bn

Government payouts to support self-employed and furloughed construction workers soared to nearly £15bn last year. The unprecedented level o...

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29Jan
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Government set to write off estimated £31bn of pandemic loans

An estimate of £31bn of government loans handed out during the pandemic will have to be written off, according to the UK’s spending watchd...

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