The consultation document issued on Wednesday 7th December by HM Revenue & Customs regarding “Tackling managed service companies” (MSCs) uses language that is intended to stir emotions in all players within the market – service providers, contractors, recruitment companies and end users. This follows the trend set by HMRC in 1999 when they set out to shake up those who were acting improperly in the marketplace, with the draft Intermediaries legislation, known as IR35.
Today’s document proposes to “Restore a level playing field for those businesses that apply the Intermediaries legislation correctly” and describes how “in the vast majority of cases MSC schemes are not complying with this legislation.”
Commenting on the document, Eugene Lantry, CEO Charterhouse Group International said, “We welcome these changes and were the first to approach the Revenue with regards to creating a level playing field back in 2004. Charterhouse will continue to work with the Revenue and our business partners to ensure the full and continued compliance of our products.”
Today (Thursday 8th December 2006) the renowned IR35 advisor, Anne Redston will discuss the implications of the Chancellor’s proposals during a breakfast seminar hosted by Charterhouse Group International at Tower 42, Old Broad Street, London. For further information please contact Lisa Underwood on 07870 250 863.
Published: Thursday, December 07, 2006
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