The Professional Contractors Group has announced that the hearing of the landmark tax case between Geoff Jones of Arctic Systems and HM Revenue and Customs has been brought forward and will now be heard at the Court of Appeal in London on 29 and 30 November 2005.
PCG chairman Simon Juden welcomed the earlier hearing, saying, ”We sincerely hope that this means the chance of a judgment in time to bring certainty for taxpayers before the 31 January Income Tax Self-Assessment deadline.”
Geoff Jones said, “My wife, Diana, and I are relieved that the hearing has been brought forward, and we hope that the case will be settled fairly and quickly, not just for our sake but also for the thousands of other family businesses affected by the uncertainty.”
PCG is funding the Arctic Systems case, with the generous support of James Kessler QC, Malcolm Gammie QC, Anne Redston, Accountax, Berg Kaprow Lewis, FSB, JSA, PCG members and members of the public. PCG's legal fund remains open to contributions from anyone wishing to help fund the case.
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.