Search Our Site




Income Shifting / "Family Business Tax" Guides

The Government has announced its intention to clamp down on Income Shifting a.k.a. "Family Business Tax", which occurs when income from a small business is apportioned to family members, reducing the overall joint tax liability. The income shifting legislation, due to commence in April 2008 was postponed in Budget 2008 following strong opposition from the business community.

Latest Articles

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.

Second Income Shifting EDM calls for sensible measures on family business tax
A second Early Day Motion has been tabled calling on the Government to use the income shifting delay as an opportunity to come up with a more fair way to deal with "family business taxation".

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.

Contractor group slams income shifting proposals as "conceptually retarded"
The PCG has condemned the Government's latest anti-enterprise brainwave, the so-called "income shifting" tax, as "conceptually retarded".

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".

Income Shifting - Contractors urged to write to their MPs
The PCG has welcomed an Early Day Motion in the House of Commons, attacking the introduction of so-called "income shifting" tax legislation - a tax on family businesses.

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.

Income Splitting - Advice for IT Contractors
New legislation that will hit joint-business owners who split their incomes to ease the tax burden will come into force next April.

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.