Housebuilders - Accounting issues

shellbell0501
shellbell0501 Registered Posts: 4 New contributor 🐸
in General accounting discussion
HI Im looking for some information please? Does anyone know what type of accounting issues that housebuilders are likely to face? Any help is greatly appreciated

Shelley

Comments

  • T.C.
    T.C. Registered, Tutor Posts: 1,448 Beyond epic contributor 🧙‍♂️
    Your question is a bit general. What sort of issues are you anticipating? Are you talking about a self-build or a self-employed builder?
  • shellbell0501
    shellbell0501 Registered Posts: 4 New contributor 🐸
    in regards to a company that builds houses? Like would they need to make any special provisions etc. Its for a joh interview - the question I was given was as follow:

    - Discussion around the accounting issues that the candidate thinks a house-builder may have

    Im really struggling with this and sorry i cant give more information

    thanks
    Shelley
  • KernowAccountant
    KernowAccountant Registered Posts: 103 Epic contributor 🐘
    Ias 11, ssap 9, uitf 40.
  • T.C.
    T.C. Registered, Tutor Posts: 1,448 Beyond epic contributor 🧙‍♂️
    A couple of points:
    Treatment of VAT
    Construction Industry Scheme to pay contractors
  • shellbell0501
    shellbell0501 Registered Posts: 4 New contributor 🐸
    great, many thanks - this will keep me busy tonight! thanks again :001_smile:
  • T.C.
    T.C. Registered, Tutor Posts: 1,448 Beyond epic contributor 🧙‍♂️
    No problem. Good luck with the interview!

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