The House of Lords Select Committee on Personal Service Companies (PSCs) was launched on 12 November 2013 to
consider “the consequences of the use of personal service companies for tax collection”. A report was
then published in June 2014.
The Lords’ PSC inquiry started with an oral evidence session on 25 November 2013, during which
members of HMRC and the Office of Tax Simplification (OTC) gave evidence. Since then, a range of contracting’s
stakeholders, including ContractorCalculator, have delivered oral and written evidence. A variety of views on
PSCs, IR35 and taxation have been delivered.
Chaired by Conservative peer Baroness Noakes, the twelve-strong committee includes representatives
of all major parties plus crossbenchers. Such committees can investigate and make recommendations, but
their findings are not binding and may not require a response or any action from the government.
^ TopLatest news
Contractors choose to incorporate primarily to reduce risk, shows research by HMRC that fills knowledge gaps revealed during the Lords’ PSC inquiry.
Thu, 09 Oct 2014
IR35 and PSCs are “unfinished business”, conclude the Lords during a debate that was highly critical of the government’s response to their inquiry.
Wed, 18 Jun 2014
Contractor hopes that IR35 might be reformed have been dashed by the government’s response to the House of Lords Select’ Select Committee PSC inquiry.
Wed, 11 Jun 2014
Contractors won’t see IR35 being repealed any time soon, according to the government’s “lacklustre” and “formulaic” response to the Lords’ inquiry.
Tue, 10 Jun 2014
IR35’s benefits to the Exchequer may be overstated, concludes the Lords’ PSC inquiry, as HMRC is called on to review the future of the tax.
Mon, 07 Apr 2014
Contractors and vulnerable workers are increasingly portrayed as two distinct groups in the Lord’ Personal Service Companies (PSC) inquiry evidence.
Thu, 30 Jan 2014