Personal Service Company

A limited company set up by a contractor to provide its services and owns all or most of the shares.

The term 'personal service company' (PSC) is usually taken to mean a limited company, the sole or main shareholder of which is also its director,  operates through their own company and sells consultancy services.

The term PSC was originally used by HMRC in relation to the introduction of the IR35 legislation back in 2000.

‍

Raise supports contractors operating via their own Personal Service Company, providing current IR35 legislation is met.

‍