On 3 March 2026, Chancellor Rachel Reeves delivered her second Spring Statement, amidst significant global and domestic economic pressures. This year, the statement functioned more as a “Spring Forecast”, focusing on reporting economic performance rather than introducing major policy changes. The shift to one major fiscal event per year is intended to give businesses and families greater certainty and stability. Below is a summary of the key points our clients should be aware

From April 2026, the government will hold businesses operating within the Construction Industry Scheme (CIS) accountable for lost tax if they are deemed to have engaged with organisations engaged in tax evasion. First announced in an official Budget 2025 publication , the government will implement new measures from April 2026 to punish construction businesses that "operate within the Construction Industry Scheme (CIS) who knowingly enter into transactions connected to fraud"

Home Secretary Yvette Cooper has announced plans to extend right-to-work checks to include self-employed contractors. This initiative aims to combat illegal migration and reduce exploitation in industries like construction.   Currently, businesses are legally required to verify the Right to Work for employees they directly hire, with penalties of up to £60,000 for non-compliance. Whilst Stonebridge already extends this process to the self-employed for best and fair practice,

When operating within the construction sector, it's essential to stay updated on changes to the Construction Industry Scheme (CIS). Here are some key updates that may impact our supply chain:   🔹  Traffic Management Services in CIS (March 2025) : Starting in March 2025, certain traffic management services will be included under CIS. This includes services directly related to construction projects, such as setting up and maintaining road closures, diversions, traffic control,

Starting 6 April 2025, the government will update the legal classification of company sizes. This change aims to make it easier for businesses to understand their reporting obligations and reduce administrative tasks, particularly for smaller businesses. These new thresholds will determine whether your business is considered small, medium, or large under the law. Here's a quick look at the new thresholds, 2 out of the 3 criteria must be met to qualify: 🔹 Micro-entities : Tur

Construction Industry Insiders Jailed for £22 Million Taxpayer Fraud   What Happened:   Seven individuals linked to a construction...

As of 31 December 2024, Biometric Residence Permit (BRP) cards will no longer be issued or valid due to the need for next-generation...

To fully protect our supply chain, we ensure that our contingent workforce hold appropriate insurance cover for any accidents or...