The UK's HM Revenue and Customs is scrutinising the construction industry as it looks to take on VAT fraud over labour provision in the sector, which poses a significant risk to public revenues. A report by HMRC's National Audit Office (NAO) found that more than half of all workers employed in the UK are paid less than minimum wage.
The UK's HM Revenue and Customs is scrutinising the construction industry as it looks to take on VAT fraud over labour provision in the sector, which poses a significant risk to public revenues. Policy options include a VAT reverse charge and changes to the qualifying criteria for gross payment status within the Construction Industry Scheme.