Assessing an accountancy service provider, with the implementation of the MSC legislation, has become a detailed and complex area.
You first have to work out if they, and so you, are subject to the new legislation, and if they are you then have to establish if, in the eyes of HMRC, they would be classed as involved in the business.
Professional Passport have created a list of approved providers in this area who have all been subject to, and passed our audit standards. As this area is so complex we would always suggest using one of our approved providers.
We understand that a number of contractors may already have a provider in this area and are keen to establish their potential risk so we have produced risk profilers to assist you.
We have also produced some high level pointers and guidance that may assist.
Please log in to view the full text or register with Professional Passport.