- Pricing Transparency
- Keep up to date
- - Brochures
- - Case Studies
- - Information Sheets
- - Legal Updates
- - Residential Property Law Spot
- - Whitepapers
- News Archive
With reports in the past week that almost 100,000 small construction businesses are now facing financial difficulties, this is an issue for employers, building supply chains as well as contractors. So, what is happening and what are the options to minimise the risk?
Brexit, COVID-19, Suez Canal blockages have all contributed to double digit price rises for building materials resulting in shortages and putting pressure on construction contract pricing.
Despite pressure from construction trade bodies, as of 1 March 2021 a new VAT reverse charge policy must be used for many forms of building and construction works services supply. The changes apply to individuals or businesses who are VAT registered in the UK and who are registered for the Construction Industry Tax Scheme (CIS).
If you are a contractor, construction professional or materials supplier to the public sector, or a client subject to the public procurement rules when it comes to contracting for works, services or supplies, keep a close eye on post Brexit changes to the applicable legal regime.