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Budget 2007 Managed Service Companies (MSCs) | 21.03.2007

Budget 2007 Managed Service Companies (MSCs)

Budget Note 46 confirms that, as announced in the Pre Budget Report, legislation will be introduced in the Finance Bill 2007 to tackle Managed Service Companies ("MSCs").

It states that there will be changes to the draft legislation, that has already been published, in terms of which companies will be caught. we are awaiting HMRC to publish the changes to this legislation before we can fully understand the personal impact to our contractors operating through MSC's.

For more information on Budget Note 46, please click the following link:

http://www.hmrc.gov.uk/budget2007

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