Industries

Accounting and tax for construction and engineering

Project accounting, WIP, retention, subcontractors, cash flow, VAT and CIS for construction businesses.

Speak to a UK–UAE Adviser

Overview

Project accounting, WIP, retention, subcontractors, cash flow, VAT and CIS for construction businesses.

Common situations we address

  • UK contractor performing UAE project work through local joint venture
  • Percentage-of-completion revenue differing in UK and UAE accounts
  • Retention balances and long payment cycles affecting cash tax
  • CIS subcontractor deductions on UK site with UAE parent guarantee
  • Equipment mobilisation across border creating customs and VAT issues
  • Project WIP overstated due to unapproved variations

Our approach

Construction and engineering projects demand rigorous WIP, retention and project accounting, plus cross-border PE and VAT analysis when work spans UK and UAE. We align revenue recognition policies and tax treatment with contract terms and local law.

Typical deliverables

  • Project accounting and WIP schedule
  • Revenue recognition policy for long-term contracts
  • Retention and milestone billing tracker
  • CIS and UAE subcontractor compliance review
  • PE assessment for cross-border site work
  • Cash flow forecast by project and entity

Enquiry

Discuss accounting and tax for construction and engineering

Complete the form and we will route your enquiry to the appropriate UK or UAE specialist team.

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Your situation

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Do not submit confidential tax documents here. Secure upload is available through our client portal once engaged.

Need your UK and UAE affairs coordinated?

One financial team across the UK and UAE.