.png)
.png)
My vocabulary was extended in a colourful manner the other day when I had a visit from a building subcontractor client. He explained that he had carried out some work for a client building contractor, the value of which was about £20,000. He is not registered for gross payment and he had received a cheque for the net amount due to him after the deduction under the construction industry scheme. Unfortunately, when the cheque was paid into his bank it 'bounced' and it bounced on being presented again.
My vocabulary was extended in a colourful manner the other day when I had a visit from a building subcontractor client. He explained that he had carried out some work for a client building contractor the value of which was about £20 000. He is not registered for gross payment and he had received a cheque for the net amount due to him after the deduction under the construction industry scheme. Unfortunately when the cheque was paid into his bank it 'bounced' and it bounced on being presented again. It now transpires that the contractor has gone into liquidation and there is apparently little chance of my client (and the other creditors) recovering the amount that he is owed.
It may be unlikely but I have heard through the local grapevine that the contractor did at least keep his tax affairs in order and I believe that...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
