TaxCorporate Tax‘Contradictory’ tax advice attacked

'Contradictory' tax advice attacked

The much-maligned concept of joined up government was dealt another blow yesterday after accountants attacked a DTI-funded website for offering misleading tax advice.

Link: Family businesses suffer S660 blow

Business Link, which is managed and part-funded by the department of trade, was giving advice that ran contrary to last week’s Arctic Systems ruling on the hated S660A ‘husband and wife tax‘, experts said.

Anne Redston, tax partner at Ernst & Young, said the advice contradicted the line taken by the Inland Revenue, reported The Financial Times.

The Arctic Systems ruling, which is retrospective in application, enables the Revenue to collect tax at a higher rate from both partners by preventing one spouse from settling their income on another who pays tax at a lower rate.

But accountants said Business Link had continued to recommend that spouses share profits between them for tax purposes.

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

1m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

1m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

3m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

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

4m 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

4m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

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

7m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

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

7m 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

8m Alia Shoaib, Reporter