{"id":1343,"date":"2020-02-17T16:56:24","date_gmt":"2020-02-17T16:56:24","guid":{"rendered":"https:\/\/www.aysgarthaccountants.co.uk\/?p=1343"},"modified":"2022-06-07T08:27:57","modified_gmt":"2022-06-07T07:27:57","slug":"personal-services-company","status":"publish","type":"post","link":"https:\/\/www.aysgarthaccountants.co.uk\/personal-services-company\/","title":{"rendered":"Personal services company"},"content":{"rendered":"\n
IR35 AND THE PSC<\/p>\n\n\n\n
What is a Personal Services Company?<\/strong><\/p>\n\n\n\n Whenever IR35 or the off-payroll rules are mentioned people refer to a Personal Services Company. What is a PSC?<\/p>\n\n\n\n To confuse matters there is no legal definition of a Personal Services Company, the PSC is also known as an intermediary and the abbreviation PSC is the same as Companies House uses for a Person of Significant Control! The 2 PSCs are not the same thing.<\/p>\n\n\n\n The simplest structure for the off-payroll rules to be considered has a top client company that contracts with the PSC. The PSC employs the contractor, who is also the shareholder and director of the company.<\/p>\n\n\n\n The PSC could employ other people (spouse, family members etc) who may or may not be directors and shareholders.<\/p>\n\n\n\n There is no contract between the Top Client and the Contractor.<\/p>\n\n\n\n Sometimes there is an agency that sits between the Top Client and the PSC and sometimes there is more than one agency in the chain.<\/p>\n\n\n\n To see if the off-payroll rules apply it is assumed that the PSC does not exist and a hypothetical contract is assumed to exist between the Top Client and the Contractor. This is a test for employment. Therefore is the hypothetical contract one for services, ie self employment, or for service, ie employment?<\/p>\n\n\n\n Read more about Off Payroll tax rules<\/a> and IR35<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" IR35 AND THE PSC What is a Personal Services Company? Whenever IR35 or the off-payroll rules are mentioned people refer to a Personal Services Company. What is a PSC? To confuse matters there is no legal definition of a Personal Services Company, the PSC is also known as an intermediary and the abbreviation PSC is the same as Companies […]<\/p>\n","protected":false},"author":3,"featured_media":1344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[45,63,67,68],"tags":[47,48,55,54,50,49],"acf":[],"yoast_head":"\n