Construction industry unprepared for tax system shake-up [electronic resource]
Construction industry unprepared for tax system shake-up [electronic resource]
- 2007
- KPMG News Release 13 February 2007 .
A survey of 465 UK construction professionals by KPMG reveals that the industry is not ready for the new Construction Industry Scheme (CIS). Nearly seven out of 10 respondents expressed concern about operating the new CIS, over 60% thought it would be more difficult to operate than the current system, over 50% revealed their employees were not sufficiently trained on the new CIS, and less than 10% had forwarded information to their subcontractors.
CONSTRUCTION INDUSTRY SCHEME
United Kingdom--
A survey of 465 UK construction professionals by KPMG reveals that the industry is not ready for the new Construction Industry Scheme (CIS). Nearly seven out of 10 respondents expressed concern about operating the new CIS, over 60% thought it would be more difficult to operate than the current system, over 50% revealed their employees were not sufficiently trained on the new CIS, and less than 10% had forwarded information to their subcontractors.
CONSTRUCTION INDUSTRY SCHEME
United Kingdom--