Did you know that there is a version of The Construction Index for the USA? Visit the site No thanks
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Wed August 23 2017

Related Information
Related Information
Related Information

News » UK » CITB confirms levy cut plan » published 19 Jun 2017

CITB confirms levy cut plan

The Construction Industry Training Board (CITB) has confirmed its proposed reduced levy rate for 2018-2020.

The proposal is to cut the CITB levy rate from its present 0.5% to 0.35% PAYE, with the subcontractor NET CIS rate staying the same at 1.25%.

After receiving approval from the CITB board and the levy working party, the proposal will now go onto the formal consensus process, from early July to the end of September.

Consensus federations will seek the views of their members, while an independent survey will seek the views on the proposal from 6,000 employers who are not members of consensus federations.

Following the formal consensus period, the result will be ratified by government.

During consultation, CITB held 38 employer events and 80 regional membership events – meeting over 2000 construction employers for feedback on the levy proposal and its future plans.

It found mixed support with only 50% of employers rating it as good or excellent, 24% rating it as average and 27% rating it as poor or very poor.

Employers in Scotland and Wales were more supportive than those in England and smaller firms tended to be more favourable to the proposals than larger companies.

 

 

 

 

 

MPU

Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News, Contract News & Supplier News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 19 Jun 2017 (last updated on 19 Jun 2017).

More News Channels