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Construction tax system explained.

Series: Building Design ; (1404) 16 July 1999, 6(1)Publication details: 1999Subject(s): Summary: The Joint Contracts Tribunal (JCT) has issued new guidelines to explain the implications of the Construction Industry Tax Scheme which comes into effect on 1 August 1999. It has also amended the payment provisions in its standard contract. Practice note no 1, series 2 (£8.50) and Amendment 1 to the 1998 contracts (£1.60) are available from Riba Publications (0171 251 0791).

The Joint Contracts Tribunal (JCT) has issued new guidelines to explain the implications of the Construction Industry Tax Scheme which comes into effect on 1 August 1999. It has also amended the payment provisions in its standard contract. Practice note no 1, series 2 (£8.50) and Amendment 1 to the 1998 contracts (£1.60) are available from Riba Publications (0171 251 0791).