PSI & PCG 2024/D2 Update

Refresh your knowledge on the Personal Services Income rules before diving into PCG 2024/D2 and how Part IVA might apply to PSBs.

In this session, we cover:

• Purpose and Scope of PCG 2024/D2

  • Refresher on when PSI rules apply

  • Exemptions

• Preliminary issues for tax advisers

  • Be sure income is PSI

  • Any Part IVA risk?

  • Asset protection

• Low and high risk features

• Sample case studies from the PCG

• Key takeaways from the PCG

  • Record-keeping obligations

  • PSI & PSB income

  • Services provided by an associate

  • Asset protection not sufficient defence

Date recorded: 15 October 2024