The High Court appeal of the Arctic Systems case will start on 15, 16 or 17 March 2005 and will last three days.
The case concerns Geoff and Diana Jones, of West Sussex company Arctic Systems, who lost their landmark Section 660A case at the Special Commissioners when the two Commissioners could not agree and one used her casting vote in favour of the Inland Revenue.
The outcome could have massive implications for hundreds of thousands of husband and wife businesses.
The case is being funded by the Professional Contractors Group (PCG), and the legal and advisory team will include Malcolm Gammie QC and Dave Smith from Accountax Consulting.
PCG continues to call for public support to help fund the Arctic appeal, and details of the legal fund and how to donate are available on the website here
Editors note (Feb 2012):
The original settlements legislation dates back to the 1930s and was subsequently updated first in 1988, when it became the more familiar Section 660. It was changed again in 2005 when it was updated and rewritten into its current form as Section 624 of the Income Tax (Trading and Other Income) Act (ITTOIA) 2005. See more information on the current settlements legislation.