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The 2007 Budget legislated against MSCs by removing the associated tax advantages for contractors working through them. Before the government's action, there were several varieties of a managed service company. One of the most common forms was the composite company, where typically up to 20 contractors became non-director shareholders.
The Manpower Services Commission (MSC) was a non-departmental public body of the Department of Employment in the United Kingdom created by Edward Heath's Conservative Government on 1 January 1974 under the terms of the Employment and Training Act 1973. [1] The MSC had a remit to co-ordinate employment and training services in the UK through a ...
This category is for "Companies Act companies", which are companies that are created under the 1985 or 2006 Companies Acts, and registered with Companies House as normal, but are fully or partly-owned by the UK Government. Other types of company should go into the relevant sub-category. Companies portal
After extensive privatisation of the public sector during the Margaret Thatcher administration, there remain few statutory corporations in the UK. Privatisation began in the late 1970s, and notable privatisations include the Central Electricity Generating Board, British Rail, and more recently Royal Mail.
The Companies Act 2006 (c. 46) is an act of the Parliament of the United Kingdom which forms the primary source of UK company law. The act was brought into force in stages, with the final provision being commenced on 1 October 2009.
An Act to consolidate the Companies Act, 1929, the Companies Act, 1947 (other than the provisions thereof relating to the registration of business names, bankruptcy and the prevention of fraud in connection with unit trusts), and certain other enactments amending the first-mentioned Act. Citation: 11 & 12 Geo. 6. c. 38: Dates; Royal assent: 30 ...
The Companies Act 1862 [1] (25 & 26 Vict. c. 89) was an Act of the Parliament of the United Kingdom regulating UK company law, whose descendant is the Companies Act 2006. Provisions [ edit ]
If a company is unable to pay its debts as they fall due, UK insolvency law requires an administrator to attempt a rescue of the company (if the company itself has the assets to pay for this). If rescue proves impossible, a company's life ends when its assets are liquidated, distributed to creditors and the company is struck off the register.