Aug 12 2020 Land Remediation Relief can help ‘clean up’ your land for productive use Categories: Property & Construction For those in the construction sector, the COVID pandemic has quickly become the number one issue in the world, meaning the environmental crisis has slid down the agenda – but can part of the solution to one crisis help the other? With the environment and cash flow in mind, the development of industrial land, known more
Jun 5 2020 Further delays to the Domestic Reverse Charge VAT for construction services Categories: Property & Construction HMRC have today announced a further delay to the implementation of the Domestic Reverse Charge VAT (DRC) for Construction Services until 1 March 2021. The reason for this delay is to limit the impact to the construction sector who is already feeling the effects of the coronavirus pandemic. HMRC has also added an amendment to more
May 13 2020 Improving cashflow for the construction sector – corporation and income tax Categories: COVID-19Property & ConstructionTaxation As the COVID-19 pandemic continues, the inability to work on site is having a massive cashflow implication for all businesses in the construction sector. While many staff and sub-contractors are in self-isolation and mounting invoices start to become overdue, it may be prudent to revise your tax position as a means to reduce your current more
May 8 2020 £100m emergency loan fund for SME house builders Categories: COVID-19Property & Construction The Scottish Government has unveiled a £100 million emergency loan fund to support house builders affected by the COVID-19 pandemic. Small and medium-sized business with liquidity issues due to the temporary closure of the house building sector can apply for a short-term loan of between £50k and £1m spread over a two year term at a fixed 2% more
Apr 29 2020 Improving cashflow for the construction sector – VAT Categories: COVID-19Property & ConstructionTaxation During the COVID-19 pandemic, the inability to work on site is having a massive cashflow implication for all businesses in the construction sector. As discussed in our previous article, Research & Development (R&D) tax credits can increase cash inflow however there are also various VAT relief options. The Governments VAT deferral scheme supports those affected by the COVID-19 pandemic by more
Apr 22 2020 Improving cashflow for the construction sector – R&D tax credits Categories: COVID-19Property & ConstructionTaxation During the COVID-19 pandemic, the inability to work on site is having a massive cashflow implication for all businesses in the construction sector. As well as various support packages provided by the Government, either by way of grant, deferment of taxes or bank funding, there are other options that can be considered to increase cash more
Apr 3 2020 The impact of COVID-19 on the construction sector Categories: COVID-19Property & Construction As the COVID-19 pandemic continues its firm grip of the UK, leaving all but essential construction works on hold until the crisis is over, businesses are now trying to assess the damage this will cause with the majority of sites forced to close and what support is available. The postponement of the reforms to the more
Feb 21 2020 Can you better fund your business? Categories: Property & Construction ‘Cash is king’ is an age-old saying that has always and will always be true – especially for small and medium-sized enterprises (SMEs). SMEs in the construction sector can often find it difficult to secure funding as traditional lenders are unwilling to take on such a risk with upfront labour and material costs often needed more
