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

Red tape and tax rules hit production of small firms

NEWS

RED TAPE is costing small construction companies 21 weeks a year in lost production.

Contractors are now spending nearly twice the national average of 12 weeks form filling and complying with new bureaucracy and tax regulations.

The shock figures are contained in the latest Small Business Monitor survey by research specialist LexisNexis.

The results reveal that health and safety regulations are the biggest bane for 85 per cent of small construction companies, followed by environmental legislation at 50 per cent and tax rules at the same figure.

Jemma Macfadyen of LexisNexis said: 'In the area of employment alone, 22 UK regulations will come into force during 2004.'