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The Issues - CIS & Employment Status ... Be certain to get it right ... |
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 So many rules affect construction contractors, it can feel like teetering on the brink of disaster if you're not sure of all the facts
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So how can you make certain you get it right?
By joining PCG Construction, the professional trade association supporting the UK's construction contractors.
What are the issues ?
- The New Constuction Industry Scheme (CIS) HMRC believes that the new CIS is a simplificaton, but most commentators feel that it will in fact increase the burden upon the construction industry - largely because of HMRC's greater involvement in matters such as registration and verification. Read more
- Employment Status Getting the status of a sub-contractor is critical. HMRC will challenge the tax status of sub-contractors they regard
as 'disguised employees' of their clients, which could result in
contractors being liable for added tax and national insurance with potential
penalties. Read more
Her Majesty's Revenue and Customs hopes to raise millions in tax from the construction industry, and have drafted in admin staff and Status Inspectors to scrutinise contractors' accounts. As a PCG member you are automatically insured against the risk of HMRC conducting a tax investigation on your business, which would cost you a lot in professional fees.
The recent judgement from the House of Lords in the PCG-backed Arctic Systems case, removed a major tax threat hanging over contractors.
Read more about the case and what it could mean for you >> |
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Membership of PCG Construction includes ... |
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As a PCG Construction member, you get plenty of practical support and expert advice, including valuable insurance cover to give you peace of mind.
PCG Construction offers three levels of membership with benefit packages to support construction businesses which includes:
- Industry specific tax and legal help-lines
- The industry's most comprehensive Professional Expenses Insurance to cover up to £75,000 of professional fees relating to tax investigations
- Jury service expense insurance
- Access to a host of member discounts on mortgages, healthcare, banking, travel, credit management, vehicle purchase and business supplies
- On-line tax status assessment with PCG Construction Plus and PCG Construction Premier memberships
- PAYE audit costs with PCG Construction Plus and PCG Construction Premier memberships
- Contracts for services (up to 6 licences) with PCG Construction Premier membership
- CISassist software with PCG Construction Premier membership
Select from the options below for details of the benefits of membership:
  
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Construction of Olympic venue gets green light
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 Construction work to build a new venue for the London 2012 Olympics has been given the green light after plans for the building were approved.
The independent planning committee for the Olympic Park has given the go-ahead for the Aquatics Centre, which will feature swimming and diving facilities for the event, to be built. |
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HSE is 'adequately resourced'
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 The Health and Safety Executive (HSE) has been described as "adequately resourced" by the Home Builders Federation (HBF).
Dave Mitchell, the body's technical director, made the comment when discussing the House of Commons Work and Pensions Committee's recent report on the role of the safety organisation. |
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