Income Shifting Legislation

Income shifting could be on Treasury radar once again
The tax director of the OTS says that income shifting may come into the spotlight again, as the tax simplification body reviews all aspects of small business taxation.

Income Shifting - Government plans to revive proposals
According to a contractor news site, The Treasury is working to revive its proposals on income shifting, which would limit the ability for small businesses to share dividend income among spouses or partners.

Over 7,500 sign petition against income shifting proposals
The online petition against income shifting (or the "family business tax") has closed, having collected over 7,500 signatures.

Income shifting legislation delayed in Budget 2008
Although Alistair Darling didn't even mention income shifting in his Budget speech today, hidden away in a Treasury press release comes the news that the proposed income shifting legislation will be postponed until 2009.

Income Shifting - pressure grows for Treasury re-think
Following many months of opposition to the Government's controversial "income shifting" proposals, the Treasury is under great pressure to bin the legislation.

Income Shifting - might Chancellor back down on proposals?
There is 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.

Income Shifting - what it will mean for IT Contractors
We take a look at how the proposed income shifting legislation would impact IT Contractors.

Dedicated site set up to fight "income shifting" proposals
The PCG has set up a site dedicated to the campaign against the Government's proposed "income shifting" measures.

IoD calls income shifting legislation technically defective
The IoD says that the Government's proposed income shifting legislation is technically defective and hopeless.

Contractors urged to sign Income Shifting petition
Contractors are being urged to protest against the so-called income shifting legislation by signing a petition on the No.10 website.

How much will the income splitting legislation cost you?
How much more tax will you pay if you are caught by the new income shifting legislation?

Income Shifting Legislation - CIOT has grave concerns
The CIOT says it has grave concerns about the implications of the Government's proposed "income splitting" legislation.

Income Shifting - Government releases consultation document
The Government today published a consultation document on 'income shifting' which aims at clamping down on business income received by family members.

Taxpayers face 500k bill over Arctic Systems case
Taxpayers are facing a 500k bill after HMRC failed in its quest to pursue a family business through the courts over a disputed 7k tax bill - the Arctic Systems case.

Government to take action on "income splitting" following Arctic Systems defeat
Hidden away in the Pre-Budget Report 2007 are signs that the Government plans to take action on "income splitting" following HRMC's defeat in the Arctic Systems "husband and wife" tax case.