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.
Report argues that the government must change the way it makes tax and budget decisions
Committee expresses concern about costs to businesses and April 2018 implementation date
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes