Personal Service Company definition

Personal Service Company means any company (other than a com- 30 pany which is a labour broker), where any service rendered on behalf of such company to a client of such company is rendered personally by any person who is a connected person in relation to such company, and—
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Personal Service Company means (for the purposes of Chapter 10 Part 2 of ITEPA 2003) a limited company in which the worker alone, or with one or more associates of the worker has a material interest; a material interest is the beneficial ownership of, or the ability to control, directly or through the medium of other companies or by any other indirect means, more than 5% of the ordinary share capital of the company (s51 (4) Chapter 8 ITEPA 2003); and
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Personal Service Company means an intermediary which an Individual trades under and which is owned and operated by that Individual.
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Examples of Personal Service Company in a sentence

  • Personal Service Companies (PSC) Workers Obligations:A worker working through a Personal Service Company (PSC) or other intermediary shall provide the Council with the information needed to help determine whether the HMRC off-payroll rules should apply and where the off-payroll working rules apply, provide the Council with the information required to allow them to deduct tax and NICs from the payment made to the PSC or other intermediary.

  • This expenditure relates to both temporary workers supplied by agencies other than Reed and to interim workers who operate under a PSC (Personal Service Company) with whom we contract directly.

  • The intermediary can be: • their own limited company• a service or personal service company• a partnership Where the rules apply, people who work in the public sector through an intermediary, typically a Personal Service Company (PSC) will pay employment taxes in a similar way to employees and the Framework Contractor will be responsible for deducting Income Tax and National Insurance from payments to the temporary or interim worker’s intermediary.

  • In the event that the chosen service provider is operating as a Sole Trader or through a Personal Service Company, the British Council retain the right to issue specific contractual terms and conditions, in order to take account of this status.

  • We would suggest that members operating through a Personal Service Company seek professional advice if working abroad regularly to work out the most tax-efficient way of doing so.

  • A definitive assessment of employment status can only be undertaken once you have selected the individual or Personal Service Company (PSC).

  • IR35 seeks to ensure that individuals who work through their own company pay employment taxes in a similar way to employees, where they would be regarded as an employee of the end client were it not for the Personal Service Company (PSC), or other intermediary, that they work through.

  • This means that the Agency will not make deductions to your pay for PAYE Tax and NI; you will be paid gross into your Personal Service Company as you are now.

  • Please note that from 6th April 2017, the revised Intermediaries Legislation (known as IR35) requires Bristol City Council to check the employment tax status of individuals who receive payment via their Personal Service Company.

  • You may need to assess the employment status afresh, or for the first time if you did not do so initially, if during the procurement process your service requirements or arrangements change; or if you have selected an individual or a Personal Service Company (PSC) and the final service delivery arrangements indicate that an employment status review is now required.


More Definitions of Personal Service Company

Personal Service Company means any personal service corporation as defined in Internal Revenue Code Section 269A(b) or any other entity, which also includes a sole proprietorship or an individual being paid as an independent contractor, meeting the principal activity and the ownership requirements of Internal Revenue Code Section 269A(b).
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Personal Service Company means (for the purposes of Chapter 10 Part 2 of ITEPA 2003) a limited company in which the worker alone, or with one or more associates of the worker has a material interest; a material interest is the beneficial ownership of, or
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Personal Service Company means a limited company or partnership which meets the conditions specified in sections 61O or 61P (as applicable) of the ITEPA;
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Personal Service Company means a personal service corporation, as defined in IRC 269A(b), or any other entity meeting the principal activity and the ownership requirements of IRC 269A(b), and also includes a sole proprietorship or an individual being paid as an independent contractor.
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Personal Service Company. Means that the Services will be provided by an individual who has a material or non- material interest in the contractor company.
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Personal Service Company or PSC is a limited company supplying the services of one individual who is both a director and majority shareholder.
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Related to Personal Service Company

  • Service Company means any entity employed by the Custodian or the Distributor, including the transfer agent for the Fund(s), to perform various administrative duties of either the Custodian or the Distributor. In any case where there is no Service Company, the duties assigned hereunder to the Service Company will be performed by the Distributor (if any) or by an entity that has a contract to perform management or investment advisory services for the Fund(s).

  • Residential services means a complete range of residences

  • Operational Services the operational services described as such in the Services Description;

  • Community support services means services authorized,

  • Hospice services means palliative and supportive care and other services provided by an interdisciplinary team under the direction of an identifiable hospice administration to terminally ill hospice patients and their families to meet the physical, nutritional, emotional, social, spiritual, and special needs experienced during the final stages of illness, dying, and bereavement, as defined in Minnesota Statutes, § 144A.75, subd. 8, and includes the set of services as determined by the Medicare program under §1861(dd) of the Social Security Act and defined in 42 CFR § 418.3.

  • School service means a website, mobile application, or online service that (i) is designed and marketed solely for use in elementary or secondary schools; (ii) is used at the direction of teachers or other employees at elementary or secondary schools; and (iii) collects and maintains, uses, or shares student personal information. "School service" does not include a website, mobile application, or online service that is designed and marketed for use by individuals or entities generally, even if it is also marketed for use in elementary or secondary schools.