Originally posted by Schnurdle
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Churchill Knight & Boox clients being investigated as Managed Service Companies
Collapse
X
Collapse
-
-
Originally posted by isaaaaaaaaccc View PostI'm certain that this could have been applied to nearly any accounting firm providing services to a contractor.Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
-
Originally posted by DealorNoDeal View Post
Absolutely, and if HMRC had unlimited resources they'd probably be targeting a lot more now. It would be interesting to know how they selected CK and Boox but I suspect it's partly just (bad) luck of the draw. I'm sure there are plenty of other firms who fall foul of their dubious interpretation of the MSC rules.merely at clientco for the entertainmentComment
-
Originally posted by ns1 View Post1,187 posts
118,264 views
If Hector was aiming to spread FUD, looks like it's working a treat.Comment
-
Originally posted by DealorNoDeal View Post
Absolutely, and if HMRC had unlimited resources they'd probably be targeting a lot more now. It would be interesting to know how they selected CK and Boox but I suspect it's partly just (bad) luck of the draw. I'm sure there are plenty of other firms who fall foul of their dubious interpretation of the MSC rules.
My present theory is that there were a couple of pretty ordinary IR35 or VAT type investigations going on. Then it became clear that CK and Boox were offering a fully hand holding service to some clients and the penny dropped that here was an opportunity to capitalise on their success with the MSC legislation. The money at stake absolutely dwarfs anything from an IR35 type investigation, for probably not much extra work. Why catch one when you can catch hundreds/thousands in one net?
I likely have an over active imagination. But I reckon it's likely to be something very humdrum that kicked this off.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
-
Originally posted by Fred Bloggs View Post
I have wondered how this came about with CK and Boox myself. There's the angle that both are quite big businesses. But not so big they can defend themselves with the very top tax barristers.
My present theory is that there were a couple of pretty ordinary IR35 or VAT type investigations going on. Then it became clear that CK and Boox were offering a fully hand holding service to some clients and the penny dropped that here was an opportunity to capitalise on their success with the MSC legislation. The money at stake absolutely dwarfs anything from an IR35 type investigation, for probably not much extra work. Why catch one when you can catch hundreds/thousands in one net?
I likely have an over active imagination. But I reckon it's likely to be something very humdrum that kicked this off.
The fully hand holding will always be in dispute but even full hand holding is not absolute cause for MSC allegations, when you read the charges anyway.Comment
-
Originally posted by isaaaaaaaaccc View PostFor anyone who is feeling bad about this. Don't.
The amusing part for victims of this is that I am sure people chose CK/Boox services exactly for the opposite purpose of what they find themselves involved in here.
I'm sure many chose them because they appear very credible. Yet here we are, wishing we had chose any cowboy accountant or did our accounts DIY and not with the consultation of an expert. The entire reason many don't do them themselves is actually the fear of getting it wrong. Why on earth wouldn't you engage an expert so you don't get punished by HMRC?
I've spoken to numerous specialist in our arena now and every single one has said that this was completely off their radar, especially at the stretch to apply this to an FCSA accreditied accounting firm. I'm certain that this could have been applied to nearly any accounting firm providing services to a contractor.
Whatever happens happens.
https://www.accountingweb.co.uk/tax/...-msc-providersComment
-
Originally posted by Superfly View Post
This wasn't completely off the radar, word was going round at least around 2019.
https://www.accountingweb.co.uk/tax/...-msc-providersmerely at clientco for the entertainmentComment
-
Are there any cases where a MSC tribunal have been thrown out?
I have searched and can't find any court cases I always end up back on the Christanyou [sic] case.
Comment
-
Originally posted by eek View Post
While Rebecca says that letters were being sent no-one else has any recollection of such letters being sent and I would have expected WTT to have had inquiries had letters actually been sent.
Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment