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Section 660 Guides for IT Contractors

This section contains details of the "Section 660 Legislation", or "Married Couples Business Tax" - with particular reference to the Arctic Systems case, which HMRC lost. Following its defeat in the House of Lords, HMRC has renewed its fight to clamp down on family business taxation via the so-called Income Shifting Legislation, which itself was delayed during the 2008 Budget.

Latest Articles

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.

Arctic Systems - What next for family owned businesses?
Following last week's verdict in the Arctic Systems family tax case, the Government announced its intention to introduce new legislation aimed at clamping down on family owned companies. What could this mean for IT Contractors?

Arctic Systems win at House of Lords - victory for IT Contractors
The House of Lords have ruled in favour of Arctic Systems in a landmark small business taxation case which could have forced many IT contractors to pay huge tax liabilities.

Arctic Systems House of Lords decision date set
The verdict in the House of Lords Arctic Systems case is due to be delivered on Wednesday July 25th.

Arctic Systems - Section 660 hearing begins at Lords
A landmark "Section 660" 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.

Landmark Section 660 family case goes to the Lords
The Professional Contractors Group has announced that the Arctic Systems ("Section 660") case is scheduled to be heard by the House of Lords in June 2007.

Key Section 660 hearing to take place in 2007
The key Arctic Systems Section 660 tax hearing which will help clarify how the Inland Revenue taxes husband and wife businesses will not be heard until 2007, according to the Professional Contractors Group.

Section 660 - An Overview
Information on Section 660, rules which may affect the treatment of dividend payments for 'husband and wife' IT contractor companies in the UK.

Section 660 - Guidance note on the settlements legislation
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
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
Geoff Jones of Arctic Systems has won his landmark Section 660 appeal case. Good news for "husband and wife" businesses in the UK