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ARTICLE · 23 NOVEMBER 1999

Personal Service Businesses

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The Welfare Reform and Pension Act 1999, which among other things contains the primary legislation enabling the Inland Revenue to issue statutory instruments dealing with the National Insurance treatment of personal service businesses, received Royal Assent on 11 November 1999. The income tax rules for personal service businesses will be included in the Finance Bill 2000. Both sets of rules will take effect from April 2000. They are expected to impose awkward compliance responsibilities on personal service businesses. For assistance, speak to your usual KPMG tax contact.

This Briefing is intended to provide a general guide to the subject matter and should not be regarded as a basis for ascertaining the liability to tax or determining investment strategy in specific circumstances. In such instances separate advice should be taken.

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