Managed Service Company legislation – what it is and why you need to be aware of it
- 12:30PM - 1:30PM, 14 Mar 2024
If you are not aware of Managed Service Company (MSC) legislation, or know little about it, you are not alone. It’s been on the statute book since 2007 yet most contractors haven’t actively considered it, thinking their company could not possibly be mistaken for an MSC. Yet almost two years ago, HMRC wrote to around two-thousand contractors saying it believed they were operating as a MSC and as such, according to HMRC, the contractors owed thousands of pounds in unpaid taxes– tens-of-thousands in some cases.
So began a nightmare for the contractors concerned that is still nowhere close to being resolved. Those that IPSE has spoken to – and we are helping a handful of members unfortunate enough to be caught up in the investigation – are understandably distressed and confused. The first question they asked was ‘what is a managed service company and why does HMRC think my business is one?’
Join this webinar with IPSE’S Andy Chamberlain and Tyra Ali and David Harmer from Markel to find out more about how the legislation works. The webinar will cover:
- What is an MSC and what is an MSC Provider?
- How does the legislation work?
- What should contractors look out for to avoid falling into the MSC trap?
- What do you need to do if HMRC determine your business is an MSC?
- How has IPSE been helping its members who are affected?
As always there will be plenty of time to answer questions during the webinar but send them in advance when you register.
This webinar is free to attend for IPSE members. Non-members can also attend at a cost of £15 + registration fees. Please register in advance.