Managed Service Companies

Managed Service Company Guidance released
HMRC have released a guidance document on the managed service company legislation. [July 10, 2007]

Contractors vindicated as MPs criticise MSC legislation
Opposition MPs voiced their criticisms of the new tax rules for Managed Service Companies (MSCs) during a Commons debate on the Finance Bill this week. [May 3, 2007]

Managed Service Companies - Ordinary limited companies not affected
The Professional Contractors Group has assured the freelance marketplace that ordinary limited companies are unaffected by the new tax rules on Managed Service Companies. [April 10, 2007]

Brown Defines "Managed Service Companies"
The Treasury have finally defined what constitutes a "Managed Service Company" and explains how they will be penalised under new tax legislation. [March 23, 2007]

Budget 2007 and Managed Service Companies
How Budget 2007 affected the proposed Managed Service Company Legislation which is due to be implemented on 6th April 2007 [March 22, 2007]

Umbrella Companies – Expenses, Dispensations and Assumptions
There appears to be some confusion within the freelance industry with regard to the proposed MSC Regulations and if they apply to Umbrella Companies who have an HMRC Dispensation to pay expenses. [February 12, 2007]

Managed Service Company legislation "misguided"
The Treasury's plan to introduce legislation in April, which will effectively close down Managed Service Companies (MSC's), is likely to drive the non-compliance problem underground, according to a leading IT contractor accountant. [January 12, 2007]

Managed Service Companies - What Now for IT Contractors?
Following the Chancellors' Pre-Budget report, announcing a clampdown on managed service companies, what could the new measures mean for the IT Contracting and Freelance Industry? [December 13, 2006]

The Death of Composite Companies?
The recent pre-budget report by the Chancellor of the Exchequer, Gordon Brown, has sounded the death knell for Composite or Managed Service Companies - an opinion piece written by Simon Dolan. [December 8, 2006]

Pre-Budget Report - Managed Service and Composite Companies
The Chancellor’s proposals to remove the tax advantage offered by composite and managed service companies is the big story for freelancers and contractors in the Pre-Budget Report. [December 7, 2006]