Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Contractors face tax fine

NEWS

HM CUSTOMS and Revenue is chasing up contractors to file their tax returns by the end of this month to avoid a £100 penalty.

The Revenue is targeting the industry because it has one of the worst records for late return of selfassessment forms.

The latest sector-by-sector figures show that the Revenue slapped 50,970 penalties on those working in construction for missing the January 31 deadline in 2001 ? netting over £5 million.

The industry has a compliance rate of 92.7 per cent, making it the third-least compliant sector behind hotel and catering staff and barristers.