Legislation / Standards
The latest news from the Stone Industry
The Corporate Insolvency & Governance Act aims to help companies survive the coronavirus fall-out. Photo © Andrianocz | Dreamstime.com
HMRC says its online application process to claim 80% of the pay of furloughed staff should be live on Monday (20 April).
BSI offers a suite of standards free to help businesses survive Covid-19.
HMRC provides guidance on the Coronavirus Job Retention Scheme that will pay up to 80% of employees' salaries and implements a similar scheme for the self employed as CITB suspends its levy and Barbour estimates £25.55billion worth of construction work has been suspended this week.
A better deal for self-employed would give them 80% of average earnings.
Should they stay or should they go?
Reverse charge VAT, which will make contractors responsible for handling VAT and hit the cash flow of subbies, has been put off for a year until October 2020.
Stone Federation has backed (with some reservations) BSI plans to create an ISO committee combining standards for natural and engineered stone.
Find out about VAT changes from 1 October that will almost certainly worsen your cash flow. Sign up for the Reverse Charge seminar on 17 July just off J25 of the M1 at Nottingham.
Andrew Jenkins, Operations Director of Russell Scanlan, reminds companies they face fines of 2-4% of turnover if they do not comply with last year's General Data Protection Regulations (GDPR). The days of warnings are over and companies are now being prosecuted.
The House of Lords Science & Technology Committee wants your views on offsite manufacturing in construction and you have until 26 April to give them.
There is plenty of building going on but specialist contractors are fed up with not being paid for their contributions.
The new Natural Stone Counter Tops Code of Practice is now available.
If you do not change to more secure BACS you will not be able to use BACS to transfer money.