Surveyors tax bill changes
Series: Estates Gazette ; (0405) 31 January 2004, 35(1)Publication details: 2004Subject(s): Summary: Surveyors face significant increases in their tax bills, following changes to the way professional services firms account for work in progress. Profit on equity partner time will be recognised while work is in progress, whereas existing arrangements mean tax is not levied until the bill has been delivered. This could present problems for work carried out in this financial year but not billed until the next.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB4006-17 (Browse shelf(Opens below)) | 1 | Available | 125111-1001 |
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Surveyors face significant increases in their tax bills, following changes to the way professional services firms account for work in progress. Profit on equity partner time will be recognised while work is in progress, whereas existing arrangements mean tax is not levied until the bill has been delivered. This could present problems for work carried out in this financial year but not billed until the next.