Taxpayers were celebrating an epic tax victory against HM Revenue & Customs this morning as Geoff and Diana Jones, the owners of Arctic Systems, won a unanimous victory in the Lords.

The case, which has run since the Jones' appeared in front of the special commissioners in September 2004, finally concluded at the Lords, who ruled 5-0 in favour of the Jones's.

The case has revolved around the way the couple split their salary and dividend between them within the structure of their company Arctic Systems.

Advisers were thrilled with the result.

'The CIOT is delighted that, after such a long battle, the House of Lords has confirmed that HMRC were wrong to attack husband and wife businesses in this manner,' said Anne Redston from the CIOT said.

Further reading:

Read the judgment here