Umbrella company IR35 solution for contractors returning up to 86%. IR35 compliant. All insurances included.
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Whether you are new to contracting or have been contracting for years, you should take a look at our IR35 solution. It's like an umbrella company but better. It offers a return of up to 86% which is higher than an ordinary umbrella company and higher than a personal service company. It's much better than a personal service company because you don't have the hassle of keeping books or invoicing or doing VAT returns or payroll returns or corporation tax returns or annual accounts. It's so easy. You send your timesheet to your agency and to our UK umbrella company and we do the rest. We can have you up and running on the scheme within 48 hours (sometimes 24 hours in very urgent cases). And as you'd expect from our IR35 Solution, it is IR35 Compliant! The solution comes complete with all the necessary insurances (public liability, professional indemnity, etc) and the quality of service is excellent! Contact us now for more information and for a personalised take home pay calculation: |
Managed Service Companies: [Page 1]
What is a Managed Service Company (MSC) Provider?
The new legislation introduced in the 2007 budget known as the “MSC Rules” defines an “MSC Provider” as “a person who carries on a business of promoting or facilitating the use of companies to provide the services of individuals.”
The rules then say that a person will not fall within the above definition of an MSC Provider if all they are doing is providing legal or accountancy services in a professional capacity. This is basically exempts firms of accountants from being MSC Providers – unless a separately discernable part of their business carries on the business of an MSC Provider.
What is an MSC?
A company will be an MSC if [1] its business consists wholly or mainly of providing the services of an individual to others; and [2] the greater part or all of the companies profit is paid to the individual; and [3] the individual is paid in such a way (e.g. dividends) that results in payment of an amount exceeding that which would be paid to the individual if he/she received the income as employment income; and [4] an MSC Provider is “involved” with the company.
When is an MSC Provider “involved”?
An MSC Provider will be involved with a company if it or any of its associates:
[a] Benefits financially on an ongoing basis from the provision of the services of the individual; or
[b] Influences or controls the provision of those services; or
[c] Influences or controls the way in which payments are made to the individual; or
[d] Influences or controls the company’s finances or any of its activities; or
[e] Gives or promotes an undertaking to make good any tax loss.
What is the impact of a company being an MSC?
If a company falls within the definition of an MSC it must ensure that the full amount of tax and NI that would have been due to HMRC if the individual had been paid under PAYE is paid to HMRC. If it is not and HMRC are unable to recover the tax and NI from the company, the legislation contains “Debt Transfer Provisions” allowing the Crown to pursue the directors of the company, the MSC Provider, the directors of the MSC provider, and the agency (if one is involved) for the outstanding tax and NI.
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Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Full review of your contract Clause by clause report Improvement suggestions Balanced pass/fail opinion 48 hour turn around
Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Over 40 pages of advice Practical tips to beat IR35 Essential for contractors
Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Full review of your contract Clause by clause report Improvement suggestions Balanced pass/fail opinion 48 hour turn around
Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Over 40 pages of advice Practical tips to beat IR35 Essential for contractors
Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Full review of your contract Clause by clause report Improvement suggestions Balanced pass/fail opinion 48 hour turn around |
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"IR35 Compliance" is a trading style of The Holdsworth Organisation Ltd, a company registered in England number 5309465.