Managed Service Companies - Special Reports

Key Information for Contractors

Contractors should avoid taint of MSC brush, says lawspeed
Now that the managed service company legislation is in place, contractors should take specific steps to avoid risk.

Changes in the final MSC draft offer help to contractors
Jonathan Legg of Lawrence Graham explains the importance of the changes made before the final draft of the MSC legislation was established.

Managed service companies - new revenue guidance for contractors
Contractors have a better idea of what the managed service company legislation means for their businesses now that the Revenue has issued guidance about it. But some areas, regarding agencies for example, need more.

Contractors should vet providers carefully, says HMRC
At a meeting organised by the PCG, Treasury policy director Robin Wythes told contractors to carefully vet their service providers to ensure that they do not fall under the new managed service company legislation.

Contractors need to know what is a managed service company?
The definition of an MSC is becoming the object of controversy. The Professional Contractors Group sets the record straight.

After the MSC legislation what should contractors do with existing contracts?
In the light of the Managed Service Companies (MSC) legislation in the recent Budget, what options do contractors have open to them with their contracts and what should they do to make sure they are compliant?

Contractor tests to see if suppliers are Managed Services Company (MSC) providers
Contractors can avoid MSC rules and non-compliant service providers, says Stuart Davis in his first interview since becoming SPA Chairman.

Other relevant information

Reasons and practicalities of moving from an umbrella to a limited company
Discusses the reasons and steps to take to move from an umbrella arrangement to a limited company.

Choosing an umbrella services company
This guides explains the many factors to consider when choosing an umbrella company. Follow our advice to get the best.

What is a PAYE umbrella company?
Learn how a PAYE umbrella model works. It's simple, quick, and you can be up and running within a day. Find out more.

Limited company or umbrella – how to choose the best payment option
Key differences explained. Learn the pros and cons of each payment option and decide which one is best for starting your contracting career.

Valid expenses as a contractor - what you can claim
We describe in detail what expenses are allowed to be claimed when you are contracting.

What is IR35? Does it apply to your contract?
It is tax avoidance legislation designed to ensure workers using an intermediary but who are ‘disguised employees’ pay the correct amount of tax.

Financial impact of IR35 on contractors
A contractors take home pay is reduced by up to 25% when caught.

New managed service company calculator released
Use our brand new calculator to determine if you are caught by the new Managed Service Company Legislation, and what the financial impact on your pocket it likely to be.

What are Managed Service Companies?

What is a managed service company?
Find out what a Managed Service Company is, and why you should not use them.

Managed Service Company (MSC) legislation – key guide for contractors and agencies
Contractors using managed service companies are taxed as employees. Debt transfer rules allow HMRC to ask agencies/clients for contractors’ tax owed.

About the legislation

Proposed changes to managed service companies - explained
Explains the legislative changes introduced in the 2006 Pre-Budget Report

Calculating the cost

Managed Service Company Legislation Calculator
Find out if the legislation affects you, and the resulting decrease in your net income.

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