All About Self Employment
042 What Is MSC Legislation And How Might It Affect You?
Episode notes
Managed Service Company (MSC) legislation has come to the fore in recent months following news that HMRC sent tax bills to numerous self-employed contractors after accusing their accountant of breaching MSC rules. It's quite likely that you've never heard of MSC legislation, even if you're a seasoned contractor, so what on earth is it all about? We spoke to contracting expert Seb Maley, CEO of Qdos to find out:
- What actually is MSC legislation?
- Why does it matter if an accountant controls financial affairs?
- What does that mean for self-employed people?
- What is happening in the current cases that recently hit the headlines?
- What should you do if you’re worried?