Originally posted by Old Greg
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This form of company structure placed contractors into groups of shareholders in a corporation owned and run by the service provider, providing contractors with the tax benefits of working through a limited company without the overall responsibility.
https://www.gov.uk/hmrc-internal-man...manual/esm3510
Managed Service Companies (MSC): Meaning of a MSC
For a company to be a MSC it must fulfil all four conditions of Section 61B (1), Chapter 9, Part 2 ITEPA.
Following that definitions I think 1 director company is much more close to a MSC definitions than 2 directors-shareholders company.
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