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A round up of recent news on Section 660A, in the wake of the recent landmark decision:
Taxing questions for smaller firms [BBC]
Simon Massey of Menzies Chartered Accountants argues that not all husband-and-wife businesses should be concerned.
Arctic Systems judgement calls for 'difficult decisions' [AccountingWeb]
The number of business owners who will worry about the impact of the 'Arctic Systems' High Court decision in favour of HM Revenue and Customs "far exceeds" the number likely to be challenged, according to an expert on small business tax issues.
Tax bombshell hits consulting sector - but will you be affected? [Consultant-News.com]
With around 500,000 Companies possibly affected it is impossible that the Inland Revenue could investigate any but a tiny percentage.
To determine how much Section 660A could cost you use the Section 660 Calculator.
Published: Friday, May 13, 2005