Category: managed
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Freelancers warned of hefty tax bills as HMRC issues new guidance on managed service companies
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HM Revenue & Customs (HMRC) has issued new guidance warning freelancers, contractors and consultants about the risks associated with managed services companies (MSCs) – complex tax arrangements that can leave freelancers facing tax bills of up to tens of thousands of pounds. The MSC legislation, introduced in 2007, aims to…