BusinessCompany NewsICAEW appoint Revenue representative

ICAEW appoint Revenue representative

Howard Royce, from Norfolk, will represent the institute on behalf of the construction industry in any future discussions with the Inland Revenue.

Link: ‘IR35’ clampdown to hit construction industry

Royce has 15 years working experience in the construction sector and has a thorough knowledge of the problems facing the industry, including the need for certification with the Revenue.

‘The construction Industry Scheme introduced in the 1970s to curb abuses of the system is currently under review and it is time for the Revenue to look at its rules for the construction industry and bring them into line with other businesses’ said Royse.

At present if a business trading with the certification pays any of its tax late (only two weeks) more than three times in three years it will be considered by the Revenue to be in breach of the scheme and loses its certificate and its ability to trade. Any other business will face penalties (fines) for late payment but will be able to continue to trade.

‘The Institute is not asking for special allowances for the building trade, just a level playing field. If a firm defaults it should incur penalties but, like other businesses it should be allowed to continue trading. These rules for the construction industry are hurting businesses that have worked hard but are having to cease trading because of small misdemeanours,’ commented Royse.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor