The term ‘managed service company’ is misleading as it can specifically include a partnership.
The background to the special treatment of managed service companies (MSCs) is explained at ¶408-500. Legislation was duly introduced, broadly effective from 6 April 2007 for income tax purposes (but from August 2007 for NIC purposes), with the following key provisions:
•definition of ‘managed service company’ (see ¶408-600);
•imposition of an employment tax charge on certain people providing services through such companies (see ¶408-650);