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| CURRENT SECTION :: Section 660 / S660 | UK's most visited IT Contractor Site - 250k unique visitors March 2008 |
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Welcome to CUK's guide to S660. Section 660 or 660a has been around for many years but the Government, being short of a bob or two, have decided to re-examine this rule and apply it to husband and wife companies. This is why S660 is also sometimes referred to as the 'husband and wife tax'. We have been covering Section 660 news since the rumblings began back in February 2003, please find below our potted history and past news coverage. S660a – Overview of history & 'Income Shifting' legislation
New laws prohibit family firms' tax gain Share your business but don't share its profits, says the state, wielding fines. Dec 7, 2007 Arctic Systems case 'cost taxpayers over £500,000' But HMRC says the cost is unknown because it doesn’t keep records. Oct 25, 2007 New tax laws to hit the likes of Arctic Government: we'll have the final say on the tax affairs of family-run firms. Jul 30, 2007 Taxman 'won't let sleeping Arctics lie' Advisors fear new laws will respond to HMRC’s defeat by the Lords. Jul 26, 2007 Arctic win at the House of Lords Thousands of family-run businesses are finally vindicated. Jul 25, 2007 Arctic Systems verdict 'imminent' Wednesday is judgement day for thousands of IT contractors. Jul 20, 2007 Arctic Systems and the settlement provisions Freelance tax expert Nichola Ross Martin gives the lowdown on The Arctic Systems case. Jun 15, 2007 HMRC: Arctic Systems is not a test case War of words: the taxman’s clash with advisors spills out of the courts. Jun 8, 2007 Arctic Systems verdict due ‘within weeks’ Law Lords tipped to clarify s660A before their summer holidays. Jun 6, 2007 Tax experts pity the plight of Arctic Systems Two IT entrepreneurs, and thousands like them, won’t be straight on s660 until June. Nov 22, 2006 Arctic Systems verdict due 'later in 2007' More uncertainty for taxpayers, as Arctic won’t be heard before January. Oct 25, 2006 Lords to decide landmark tax case More months of uncertainty until Arctic Systems is 'finally resolved.' Mar 27, 2006 Revenue to fight Arctic again Uncertainty for thousands, as taxman refuses to let £7,000 tax bill go unpaid. Jan 16, 2006 Tax clarity for family firms pending Arctic Systems and 30,000 others wait on words from Revenue and Customs. Jan 9, 2006 The Arctic case (Court of Appeal decision) Legal expert, Roger Sinclair, on what yesterday's judgement means for contractors. Dec 16, 2005 Arctic Systems win S660 Appeal Historic day for Contractors as Arctic Systems and the PCG win S660 appeal against the Revenue. Dec 15, 2005 Arctic Systems advances into November Companies hope S660 certainty will grace their tax returns before self-assessment deadline. Oct 17, 2005 Arctic to appeal S660 ruling Geoff and Diana Jones take their tax battle against the Revenue to the Court of Appeal. Jun 10, 2005 Jones v Garnett: the High Court Decision in a nutshell John Antell looks at the High Court decision in the Arctic Systems case. May 31, 2005 Expert analysis of Arctic Systems S660 judgement Arctic ruling soured your tax plans? Pay yourself as if you were inside IR35, advises top tax consultant. May 26, 2005 
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