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PSC

HOW WILL THE UPCOMING CHANGES TO OFFPAYROLL WORKING IMPACT REAL ESTATE AND CONSTRUCTION INDUSTRIES

The update now puts the onus of the SDS (Status Determination Statement) on medium or large companies using contractors. Companies which HMRC defines as a small company will not have to complete the SDS.

PSC changes must be reported within 28 days

Changes have been made to the way companies report on ‘People with Significant Control’ (PSCs) and companies now need to report changes directly to Companies House within 28 days as well as updating their PSC register.