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21 Oct 2005
The much-feared new Construction Industry Scheme, which was set to come into effect from April 2006, has been put back by 12 months.
The introduction of the changes to the way contractors and subcontractors deal with tax and NI liabilities had been slammed by the construction, software and accounting industries as being liable to lead to chaos, and a huge numbers of job losses.
But the fears have been abated following an announcement in the House of Commons by financial secretary to the Treasury, John Healey, that the scheme would be delayed.
Wilder Coe employment tax services partner Alastair Kendrick said that the delay gave time for accountants and their clients to prepare for the changes.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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