October 2019 Tax Newsletter

The monthly edition of the JCT Newsline focusing on tax issues affecting the Construction sector

Published: October 2019
Pages: 4
BESA Product Code: JTC 10/19

The Joint Taxation Committee (JTC) consists of representatives from 11 major trade federations operating in construction as a means of jointly lobbying on those tax issues that affect firms in the industry.

The JTC acts a specialist resource to member trade federations providing a source of high quality technical knowledge about all the taxes that apply to construction businesses. It produces guidance for member federations and their members illustrating how normal commercial practice can be monitored and, sometimes adapted, to allow good tax compliance.

The JTC's relationship with trade federations and construction firms gives the JTC a valuable understanding of the pressures and demands placed on construction companies in relation to tax compliance and payment. This experience is vital when lobbying Government and HMRC for those measures which will help firms in the industry meet the requirements placed on them by legislation. It is essential to be able to give examples from day to day business experience and bring forward firms who can give a personal account of how legislation or compliance requirements affect their trade.

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