Arctic section 660 hearing postponed until 2007

The landmark tax case between Geoff Jones of Arctic Systems and HM Revenue and Customs will not be heard until after next year’s income tax self-assessment deadline has passed, the PCG has announced.

The decision will be received with dismay by many other family businesses which could be similarly affected by the controversial settlements legislation (S660) and have therefore been following the case to determine their own position. However, the hearing will now take place no earlier than January 31st 2007.

John Thomas, chief executive officer of PCG, commented: "It is a shame that there will not be a judgement in time to bring certainty for taxpayers before the January 31st deadline.

"We had originally hoped that the case would be settled before the end of 2006, but sadly the timescales involved with taking a case to the House of Lords mean that this has not proved possible."

PCG is continuing to support Geoff and Diana Jones until the House of Lords reach a final verdict.

Published: Wednesday, October 25, 2006

Mortgages

Insurances

Contractor Pensions

Contractor Income Protection

Professional Contractors Group

Company Formation

IR35 Services