Kevin Miller1 Ernst & Young LLP discusses the new proposals on 'Tackling managed service companies'
The December 2006 Pre-Budget Report includes a lengthy paper 'Tackling managed service companies' which sets out the Government's plans to create a new legislative framework that will only apply to what are referred to as managed service company (MSC) schemes. Although the document makes reference to creating a level playing field it appears that instead the Chancellor has blown the whistle taken the ball and closed the pitch!
The proposals are wide and encompass the taxation of MSC schemes and their workers the treatment of travel and subsistence costs for these workers and new legislation that would in certain situations lift the corporate veil and make a wide...
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Kevin Miller1 Ernst & Young LLP discusses the new proposals on 'Tackling managed service companies'
The December 2006 Pre-Budget Report includes a lengthy paper 'Tackling managed service companies' which sets out the Government's plans to create a new legislative framework that will only apply to what are referred to as managed service company (MSC) schemes. Although the document makes reference to creating a level playing field it appears that instead the Chancellor has blown the whistle taken the ball and closed the pitch!
The proposals are wide and encompass the taxation of MSC schemes and their workers the treatment of travel and subsistence costs for these workers and new legislation that would in certain situations lift the corporate veil and make a wide...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
