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FREE Business banking forever With Abbey you can enjoy free day-to-day business banking, forever! Call us now on 0800 085 3099 or click here to find out how. |
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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. |
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