aop
ad

Arctic case to go to Lords

by Alex Hawkes

24 Mar 2006

HM Revenue & Customs has been granted leave to appeal to the House of Lords over the Arctic Systems case.

The Professional Contractors Group has put out a press release this morning announcing the news, saying that they would continue to support Geoff and Diana Jones, the husband and wife couple at the centre of the dispute.

'Our thoughts are with Geoff and Diana Jones, who have already spent more than two years going through the courts, and with all the family business owners who welcomed the Court of Appeal ruling in December and thought it would give them certainty. They now face a further journey to seek clarity and fairness in this landmark tax case,' said PCG chairman Simon Juden.

The revenue is also thought to have agreed at least to pay their own costs in the case, taking away some of the worry for Arctic and its advisers, who might have had to pay the Revenue's costs if they had lost, potentially running into hundreds of thousands of pounds.

More soon.

Visitor comments Add your comment

display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit

Search thousands of financial jobs:

Information currently unavailable.

Search thousands of financial jobs:

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

Careers

Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you

Briefings

Supplier Statement Reconciliations cover

Supplier statement reconciliations: Manual chore or critical value adding process?

By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.

7 Building Blocks cover

7 building blocks for business growth

Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities