Construction Industry Accounting News

The rise in the private housing construction suggested that some of the government initiatives were beginning to work and revitalise the construction sector.

With the rise in workloads many chartered surveyors anticipate a rise in employment levels over the coming year.

However despite of noticeable rise in London, the South East and the Midlands , Northern Ireland and Scotland still continue to see falling workloads.

CLiP IT Solutions have successfully had over 200 RTI submissions made under the new PAYE regulations.

HM Revenue & Customs (HMRC) has published guidance document about verifying or obtaining National Insurance numbers for the purposes of reporting PAYE in real time.

Rejections for NI number Verification Requests (NVRs) receieved by some employers happen because the employer is sending the request before they have made their first Full Payment Submission (FPS).

The seasonally adjusted Markit Index, which measures overall output in the Construction Industry, reached 47.2 during March, up from a 40-month low of 46.8 in February.

The decline in new orders has slown down and House building grew at the fastest rate since May 2012 and it is expected that the residential sector will see a rise in output over the next 12 months. It is hoped more orders will begin to come in, helping the economy recover from the downturn.