Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
19 May 2026
Major UK Construction payment reformsThe UK Government’s proposed crackdown on late payment and ban on retentions could transform construction payment practices, with major implications for cashflow, risk allocation and contract strategy across the sector.
01 May 2026
Supreme Court decision: capital allowances and pre-construction costsThe Supreme Court has ruled that a range of pre‑construction studies and surveys undertaken as part of windfarm developments do not qualify for capital allowances, finding that these costs were too remote from the statutory requirement that expenditure be incurred “on the provision of” plant and machinery. This decision has significant implications for businesses in capital‑intensive sectors and may prompt taxpayers to review the robustness of existing and future claims.
08 April 2026
Major Construction Industry Scheme reforms coming into effect from April 2026From April 2026, the Construction Industry Scheme will undergo significant reform, with stricter compliance requirements, tougher penalties and important changes that contractors must be ready for.
15 April 2025
New capital allowances ruling could mean more tax relief for large infrastructure projectsA recent court appeal has broadened the range of activities that may qualify for capital allowances on large-scale projects. This is particularly relevant for the Infrastructure & Renewables sector, but could apply to projects in a variety of other sectors too. Michael Murray, Construction and Property Incentives Partner explains further.
Karen Brown
Tax Assistant Manager
12 December 2024
VAT on developing buildingsA key consideration of development budgets is the VAT incurred on the costs involved. This can take the form of a cashflow cost for “End-Users” of the buildings, i.e., paying VAT on the charges raised by the contractors and then recovering this via VAT returns. Or the VAT could represent an absolute cost if it is not recoverable in the hands of the developer. It is crucial, therefore, that VAT reliefs which apply to certain elements of construction works are applied, where available. Here we summarise the two key VAT reliefs, and how they apply.
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