Yet another taxing issue for agencies
13 September 2012
Recruitment firms could now become responsible for underpaid tax, if they help set up and administer composite companies for clients and these companies do not follow new IR35 tax rules
In a further step to try and eliminate tax avoidance within the UK economy, Gordon Brown has begun a consultation process, prior to the planned introduction of new tax rules for managed service companies (MSCs). MSCs, more usually known as composite companies, are commonplace in today’s flexible...