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A rule introduced in the Finance Act 2000 that requires an individual who provides services to an employer through an intermediary (such as a limited company) to be taxed on the basis that he is an employee rather than self-employed. This requires deduction of tax at source under the PAYE rules, imposes Class 1 National Insurance contributions, and gives less favourable treatments for the deduction of expenses than formerly.

Subjects: Social sciencesEconomics

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