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Income Shifting Legislation / Section 660 Information
The Government has announced its intention to clamp down on Income Shifting or "Income Splitting", which occurs when income from a small business is apportioned to family members, reducing the overall joint tax liability. The income shifting consultation period ends on 28th February 2008 with a proposed start date of April 2008. This section also contains details on "Section 660" and the Arctic Systems case, which HMRC lost.

Income Shifting

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Income Shifting - Legislation postponed until 2009
[March 13, 2008] Plans to go ahead with the controversial income shifting legislation have been shelved until 2009.

Income Shifting proposals condemned as "retarded"
[February 27, 2008] A leading business group has submitted its formal response to the Government's controversial income shifting proposals.

Income Shifting - Is a family business tax u-turn on the cards?
[February 18, 2008] Following the Chancellor's recent partial U-turn on Capital Gains Tax, there is now mounting pressure on the Treasury to backtrack on its controversial plans to ramp up tax on family firms in the recently announced income shifting proposals.

Family business taxation proposals slammed by business group
[December 12, 2007] The Government's latest proposed clampdown on family-run businesses - this time on 'income splitting' results in more criticism by leading business organisations.

Income Splitting could impose "horrific burden" on family businesses
[December 7, 2007] The Government has published a consultation document outlining how it intends to clamp down on so-called 'income splitting'. Critics say the proposals will impose a horrific burden on thousands of family businesses.

£500,000 bill for "Husband and Wife" tax case
[October 26, 2007] Taxpayers are facing a £500k bill after the taxman failed in its quest to pursue a family business through the courts over a disputed £7,000 tax bill.

Will there be a tax clampdown on family owned businesses?
[July 30, 2007] Following the Arctic Systems victory at the Lords last week, the Government has announced its intention to create new legislation which may cost family-owned businesses thousands.

Arctic Systems win at Lords - victory for small businesses
[July 25, 2007] The House of Lords have ruled in favour of Arctic Systems in a landmark small business taxation case which could have forced small businesses to pay huge tax liabilities.

Arctic Systems case - No tax certainty for family businesses
[June 21, 2007] The final arguments of a landmark Arctic Systems tax case, heard earlier this month in the House of Lords, will have a major impact on the future taxation of family businesses whether the taxman wins or loses, according

Arctic Systems "family tax" hearing begins at House of Lords
[June 5, 2007] A landmark family tax hearing began today in the House of Lords. This will be the final stage in the landmark case which will have implications for hundreds of thousands of family businesses.

Section 660 Arctic Case goes to the House of Lords - June 2007
[November 18, 2006] The Professional Contractors Group has announced that the Arctic Systems ("Section 660") case is scheduled to be heard by the House of Lords on June 5-7th 2007 inclusive.

Section 660 - PCG backs Arctic Systems against Revenue Lords Appeal
[March 27, 2006] The PCG has confirmed it will continue to support Arctic Systems in their Section 660 "married couples business tax" court battle. HMRC has been granted leave to appeal to the House of Lords following Arctic Systems' Court of Appeal victory in late 2005

Section 660 - Background Information on the Tax Rules
[March 8, 2006] Information on Section 660, rules which may affect the treatment of dividend payments for 'husband and wife' companies in the UK.

Section 660: Guidance note on the settlements legislation
[January 19, 2006] The UK's key tax bodies have issued a guidance note to help with self assessment, in light of the the recent Arctic Systems Section 660 appeal decision (otherwise known as the "married couples business tax")

Section 660 - Revenue threatens Arctic Systems decision
[January 16, 2006] The Inland Revenue have announced its decision to appeal against the Section 660 Arctic Systems ruling by attempting to appeal to the House of Lords.

Section 660 - Arctic Systems Win Appeal
[December 16, 2005] Geoff Jones of Arctic Systems has won his landmark Section 660 appeal case. Good news for "husband and wife" businesses in the UK

Analysis of the Court of Appeal’s decision in Arctic Systems
[December 16, 2005] Analysis of the Arctic Systems victory at the Court of Appeal and how the outcome could affect married couples in business together.

Section 660 Calculator - How much will it cost you?
[October 4, 2005] A useful article enabling small business owners to see how they may be affected by the Section 660 legislation, or 'married couples tax' or 'settlements legislation'

Family Business and the Arctic Systems Ruling - Your Questions Answered
[June 17, 2005] Key legal questions answered following the controversial Arctic Systems Section 660 ruling. The implications of the ruling on husband and wife owners of a family business.

Arctic Systems S660 case taken to Court of Appeal
[June 10, 2005] The Professional Contractors Group has announced that it will support Geoff Jones of Arctic Systems in taking his landmark Section 660A ("Husband and Wife" tax) case to the Court of Appeal.

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