TaxCorporate TaxRevenue to review S660

Revenue to review S660

The Inland Revenue has 'recognised the problems' of Section 660 and finally agreed to carry out a guidance review on the controversial and unclear 'husband and wife' tax.

Link: Industry urges S660 guidance

Anne Redston, tax partner at Ernst & Young and chairman of the personal tax committee at the Chartered Institute of Taxation told Accountancy Age that Revenue deputy chairman David Hartnett had been in ‘listening mode’ earlier today (Thursday) and was prepared to review the situation.

‘The Revenue said it would go back and review the guidance. This needs to be done as quickly as possible because of self assessment returns and they definitely understood that’, said Redston.

‘We hope the outcome will tell us more about when people are caught under the law or not and we hope to have that in around a month’s time’, she added.

Redston said that the Revenue refused to comment on the recent case involving Geoff and Diana Jones of Arctic Systems who lost out to the taxpayer when two special commissioners returned a split verdict over S660.

The S660 group included Nigel Eastaway, chairman of the CIOT and Mark Lee, chairman of the ICAEW tax faculty.

Redston added that the professional bodies were united in their calls for clarity over the 70 year-old tax and that they spoke with ‘one voice.’

Related Articles

HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

1w Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

2w Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

3m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

4m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

4m Alia Shoaib, Reporter
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

4m Austin Clark, Reporter
How to educate your clients about tax avoidance

Corporate Tax How to educate your clients about tax avoidance

4m Clear Books | Sponsored
CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

Corporate Tax CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

4m Austin Clark, Reporter