Construction businesses in Scotland are still suffering the scourge of late payments, outstanding retentions and unexpected charges, a new survey by the CICV has revealed. Some 68% of respondents to our poll said their payment terms were altered negatively, with 60% claiming adjustments to payments were made with little or no explanation. And 69% of […]
Tag: finance
Forum urges businesses to sign up to local gift card scheme
The CICV Forum has thrown its weight behind the new Scotland Loves Local gift card campaign – and has urged businesses and the public to sign up and help support tradespeople in their area. Designed to revitalise grassrooots communities hit by COVID-19, the scheme will see the creation of gift cards for each of Scotland’s […]
Forum backs Minister’s call for VAT cut to boost economy
The CICV Forum has welcomed a call by Housing Minister Kevin Stewart for the reduction of VAT on repairs and maintenance. The industry collective has backed a letter which the Minister sent to the UK Secretary to the Treasury, pressing for a reduced rate on all renovations, as well as expanded eligibility criteria and the […]