TaxPersonal TaxArctic judgment will stand for SA claims, says HMRC

Arctic judgment will stand for SA claims, says HMRC

Taxman says small businesses should file self-assessment returns on the basis of the Court of Appeal judgment in Arctic Systems case

Businesses such as Arctic Systems should file their tax returns in accordance
with the Court of Appeal judgment in the case, HM Revenue & Customs has
said.

In an unusual step, the tax authorities have offered further guidance for
businesses uncertain over the implications of the case, saying that ‘the Court
of Appeal judgement represents the law as it now stands. It follows, therefore,
that taxpayers whose circumstances are consistent with the situation in Jones v
Garnett are entitled to self assess or, within the time limits allowed, amend a
self assessment in accordance with that judgement.’

Open enquiries will also be kept open, the statement says.

The Revenue announced earlier today that it would be appealing in the
landmark case, which concerns the payment of dividends and salaries to maximise
allowances available to family-owned businesses.

The Professional Contractors’ Group has also said that it will continue to
back the Jones’ legal battle in the Lords.

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

4d Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

3w Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

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

2m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

4m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

5m Emma Smith, Managing Editor
Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

5m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

5m Alia Shoaib, Reporter