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A Limited Company or not? The Inland Revenue (IR) would like every worker in the country to be employed under PAYE. Why? Because that way they receive the full 40% tax deduction and they receive it monthly. Additionally, the employer undertakes all PAYE administration so the cost/benefit relationship to the Treasury is very favourable. Those [...]

Managed Service Companies Firstly, to summarise, this legislation is being introduced in order to curb what the government calls, “widespread non-compliance of IR35” by Managed Service Companies (MSC). The proposed legislation will come into force on the 6 April 2007. MSC's will no longer be able to pay any form of dividends (bonus or commission) [...]