close

Practice

Business

Tax

Technology

Regulation

Resources

Rankings

Advertise With US

    Information

    Accountants challenge taxman on S660

    Accountants challenge taxman on S660

    Accountants are set to take on the Inland Revenue to complain about the taxman?s treatment of family-run businesses.

    Author Date published October 5, 2004 Categories

    Link: Family businesses suffer S660 blow

    A pressure group made up of accountants known as 660A Group ? a reference to the tax rule ? will meet Revenue deputy chairman David Hartnett on Thursday to discuss a legal ruling that upheld the Revenue’s treatment of the controversial tax law.

    The landmark decision, handed down by Revenue special commissioners on 29 September, backs up the taxman?s decision to hand Arctic Systems, an IT consultancy run by Geoff and Diana Jones, a huge tax bill based on 70-year old legislation.

    The ruling has serious repercussions for thousands of similar businesses, which could be forced to pay huge tax bills.

    Share

    Subscribe to get your daily business insights

    Get the latest analysis and reports delivered to your inbox daily

    Resources & Whitepapers

    Resources & Whitepapers

    The importance of UX in accounts payable: Often overlooked, always essential
    AP

    The importance of UX in accounts payable: Often overlooked, always essentia...

    1m Kloo

    The importance of UX in accounts payable: Often ov...

    Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

    View article
    The power of customisation in accounting systems
    Accounting Software

    The power of customisation in accounting systems

    2m Kloo

    The power of customisation in accounting systems

    Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

    View article
    Turn Accounts Payable into a value-engine
    Accounting Firms

    Turn Accounts Payable into a value-engine

    3y Accountancy Age

    Turn Accounts Payable into a value-engine

    In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

    View resource
    8 Key metrics to measure to optimise accounts payable efficiency
    AP

    8 Key metrics to measure to optimise accounts payable efficiency

    2m Kloo

    8 Key metrics to measure to optimise accounts paya...

    Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

    View article

    Related Articles

    UK Accountants brace for significant tax changes in 2024
    Administration

    UK Accountants brace for significant tax changes in 2024

    4m Accountancy Age

    UK Accountants brace for significant tax changes i...

    The upcoming tax changes in 2024 will significantly impact businesses and individuals in the UK. Accountants play a crucial role in helping clients na...

    View article
    Accounting watchdog fines Laura Ashley auditor over “serious” breaches
    Administration

    Accounting watchdog fines Laura Ashley auditor over “serious” breaches

    2y Rebecca Whittaker

    Accounting watchdog fines Laura Ashley auditor ove...

    UHY Hacker Young and audit engagement partner Martin Jones face fines of more than £300,00 following Laura Ashley audit breaches. Read More...

    View article
    How do you solve a problem like TMA?
    Administration

    How do you solve a problem like TMA?

    3y Helen Thornley

    How do you solve a problem like TMA?

    It is hard to argue that the Taxes Management Act 1970 (TMA), wouldn’t benefit from some substantial updating. It came into force back in the mists of...

    View article
    Paul Morton, Tax Director, Office of Tax Simplification
    Administration

    Paul Morton, Tax Director, Office of Tax Simplification

    6y Accountancy Age

    Paul Morton, Tax Director, Office of Tax Simplific...

    Morton became Tax Director of the Office of Tax Simplification, an independent office of HM Treasury, in 2017 Read More...

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

    LITRG urges government to consider tax changes in disability work plan

    6y Accountancy Age

    LITRG urges government to consider tax changes in ...

    The Low Income Tax Reform Group believes the government should have included tax initiatives in its plans for disabled people and employment Read More...

    View article
    HMRC appeal rejected in Tottenham Hotspur case
    Administration

    HMRC appeal rejected in Tottenham Hotspur case

    6y Accountancy Age

    HMRC appeal rejected in Tottenham Hotspur case

    The Upper Tribunal has rejected an appeal from HMRC in a case relating to the taxation of termination payments made to football player employees of To...

    View article
    HMRC issues updated Trusts Registration Service guidance
    Administration

    HMRC issues updated Trusts Registration Service guidance

    6y Accountancy Age

    HMRC issues updated Trusts Registration Service gu...

    The revised guidance sets out the circumstances under which trustees need to disclose the identities of beneficiaries to HMRC Read More...

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

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

    7y Emma Rawson

    New trading allowance: simplicity, but not as we k...

    Although the concept of a £1,000 tax-free allowance sounds very simple, there are a number of complexities of which taxpayers and advisers need to be ...

    View article