Tag : ECA
The government has announced it will be delaying the introduction of a new process for receiving VAT payments by twelve months following concerns from the construction sector about introducing the changes.
Reforming skills training and poor payment practices remain pressing concerns for the building services sector despite some optimism around the industry’s fortunes in 2019, new research has found.
The building services industry is calling on Chancellor Philip Hammond in his upcoming budget to make clear commitments to enforce prompt payments and reform current cash retentions policy in order to protect SMEs in the sector.
BESA and the ECA hope to step up pressure on the government to overhaul cash retentions by calling for the introduction of mandatory third-party deposit schemes in a joint response to a recent consultation.