Reply to post: Re: Personal Service Companies

IR35 blame game: Barclays to halt off-payroll contractors, goes directly to PAYE

Adrian Harvey

Re: Personal Service Companies

1. is not completely necessary - you could simply allow corporation tax paid as a credit against the income tax payable. This is what is done in Australia and New Zealand ( they call it imputation tax credits). Doing it that way prevents tax optimisation by means of withholding the dividend- the Corp tax is still paid and only the step up to income tax rates is held back until the dividend is released.

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