Construction SMEs Beware

12 January 2016

As reported in Accountancy Age today, HMRC investigations into the construction sector have increased 17%, resulting in yields rising from £131m to £154.2m in 2015.

HMRC has been actively targeting self-employed workers within the sector for the pas five years and it seems it will remain their focus in 2016.

Chris Blundell, Partner at MHA MacIntyre Hudson who is part of the firm's Construction and Real Estate sector states:

"Increased tax gained from HMRC investigations in 2015 into construction companies shows it’s more important than ever to ensure all labour taken on and paid through *CIS is genuinely self-employed and that care is always taken to operate CIS properly. Investigations into SME's, which most construction companies are, is now a focus of HMRC in a way that it's never been before."

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