TaxPersonal TaxRuling on Arctic Systems case expected tomorrow

Ruling on Arctic Systems case expected tomorrow

Decision likely to be handed down on husband and wife tax case tomorrow

The ruling in the long-running and landmark tax case on Arctic Systems is
expected to be handed down tomorrow. The decision is expected to have a huge
impact on the tax position of thousands of husband-and-wife companies under
Section 660A.

The case, which concluded at the end of last month, is between Arctic
Systems, an IT consultancy owned by Geoff and Diana Jones, and HMRC.

The case focuses on the tax regulators’ objection to the way the couple used
their salaries and dividend payments to reduce their joint tax bill. Both sides
have pre-submitted skeleton arguments to the three law lords who will judge
case, including Sir Andrew Morritt, chancellor of the High Court.

Stay on www.accountancyage.com
for the latest breaking news on the case.

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