Off-payroll working: other issues
Where a client decides to deduct the worker’s payroll taxes when paying the invoices issued by the PSC, it has an impact in several other areas too, including:
- Tax relief for expenses incurred by the PSC
- The reported turnover of the PSC
- The Corporation Tax due by the PSC
- How profits can be tax-efficiently withdrawn from the PSC
We can help you understand the full implications of these changes for you and your PSC.