Section 660

Section 660 Contents:

Note: Section 660 has been reaplced by the settlements legislation S624 ITTOIA 2005. Please see our dedicated section: Settlements Legislation.]

^ TopWhat is Section 660?

Contractor guide to the settlements legislation S624 ITTOIA 2005, formerly S660
Contractors can assign shares to a spouse despite the settlements legislation, because of the Arctic Systems case.

What is section 660?
What is Section 660? An overview of the legislation and how it affects contractors.

Section 660a - minimising an inspection and potential penalties
Advice and guidance for avoiding the 'husband and wife’ tax.

^ TopWhat could it cost you?

Section 660. will it cost you £42,000?
Discusses the cost of Section 660 to the contractor.

How much will section 660 cost contractors?
This article explains which contractors will be affected by Section 660 and how much it will affect them financially.

^ TopSection 660 Calculator

Section 660 Calculator Calculator
Calculate how much Section 660A could cost you.

^ TopLatest Section 660 News

Contractors could pay 10% more in the treasury’s Arctic Systems attack

The latest Treasury attack on contractors comes in the wake of the Arctic Systems Case and attempts to increase our tax burden.

Others | Fri, 27 Jul 2007

Contractors who work with spouses need to understand arctic systems

The Arctic Systems case, which the Revenue definitively lost on July 26, does have an effect on how contractors run their companies.

Others | Thu, 26 Jul 2007

The house of lords has upheld the appeal by Arctic Systems

The House of Lords announced that the appeal by Arctic Systems has been upheld.

Others | Wed, 25 Jul 2007

How much may contractors pay their spouses? arctic systems will decide

The Arctic Systems case, currently before the House of Lords, will determine how contractors share income with their spouses who work with them in the future.

Others | Wed, 06 Jun 2007

Lords expected to support arctic systems verdict

Legal observers expect the Inland Revenue to lose its appeal in the Arctic Systems case.

Others | Fri, 19 Jan 2007

What is section 660?

What is Section 660? An overview of the legislation and how it affects contractors.

Others | Wed, 13 Dec 2006

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.

Others | Wed, 25 Oct 2006

HMRC take arctic systems case to house of lords

HMRC will attempt to overturn Arctic Systems ruling .

Others | Mon, 16 Jan 2006

Section 660: arctic win appeal

Victory for family businesses as PCG and Arctic win appeal

Others | Thu, 15 Dec 2005

PCG announces earlier appeal date for Arctic

Landmark tax case brought forward to November 2005.

Others | Mon, 17 Oct 2005

Section 660a: date set for Arctic appeal

Landmark tax case appeal set for January 2006.

Others | Wed, 14 Sep 2005

Section 660a - minimising an inspection and potential penalties

Advice and guidance for avoiding the 'husband and wife’ tax.

Others | Wed, 14 Sep 2005

PCG takes arctic case to court of appeal

PCG announces that it will take landmark Section 660A case to Court of Appeal.

Others | Thu, 09 Jun 2005

Section 660a: full judgement revealed

Revenue to target consultants in the wake of the Arctic Systems case.

Others | Thu, 26 May 2005

PCG to host Arctic s660a seminar

The PCG are hosting a Section 660A seminar following the recent judgment of the landmark S660A Arctic case.

Others | Mon, 23 May 2005

Section 660a: news round up

Latest news and reports on the recent Section 660a ruling.

Others | Fri, 13 May 2005

Section 660 appeal result: news round up

News and opinions from experts on the recently lost Section 660A appeal.

Others | Thu, 28 Apr 2005

Section 660: arctic systems lose appeal

Geoff and Diana Jones of Arctic Systems have lost their landmark Section 660A appeal.

Others | Wed, 27 Apr 2005

Summary of the arctic systems s660a high court appeal

Details of the Arctic Systems S660A appeal held in the High Court recently.

Others | Fri, 01 Apr 2005

PCG and arctic systems at high court 16 March 2005

High Court hearing of the landmark Arctic Systems S660 case begins.

Others | Wed, 16 Mar 2005

Leading tax lawyer supports PCG and Arctic in s660 test case

With two weeks to go before the High Court appeal, a leading tax lawyer has explained his reasons.

Others | Fri, 04 Mar 2005

Arctic systems s660 case appeal dates

PCG announces Arctic High Court appeal dates.

Others | Tue, 14 Dec 2004

Tax bodies disappointed with revenue 660 guidance

Six tax professional bodies have expressed disappointment at the new Inland Revenue guidance on the settlements rules, published last week.

Others | Wed, 24 Nov 2004

PCG to appeal Arctic in wake of new revenue guide

The PCG has confirmed its decision to appeal the Arctic Systems case at the High Court.

Others | Fri, 19 Nov 2004

New revenue guidance on section 660

The Inland Revenue has published a new guidance booklet on Section 660.

Others | Thu, 18 Nov 2004

Arctic section 660 case – where are we now?

Further comment from Qdos Consulting on the Arctic Systems Section 660 case.

Others | Fri, 05 Nov 2004

PCG urges public to back tax appeal

The PCG is calling for public support to fund its appeal against a recent case which has huge implications for tens of thousands of family businesses.

Others | Fri, 05 Nov 2004

Row over s660a family company tax is out of proportion

The great majority of husband and wife companies need not panic following last week’s tax ruling.

Others | Mon, 18 Oct 2004

Government gives conflicting advice on 660a

The Government website Business Link is advising small businesses that they can use regular share dividends to ‘top up’ remuneration of family members.

Others | Wed, 06 Oct 2004

How much will section 660 cost contractors?

This article explains which contractors will be affected by Section 660 and how much it will affect them financially.

Others | Mon, 04 Oct 2004

PCG seeks expert opinion on Arctic Systems s660a case

Further comment from the PCG after the recent landmark Section 660A case.

Others | Fri, 01 Oct 2004

Arctic Systems section 660 case - comment by Qdos consulting

Qdos Consulting provide initial comment regarding yesterdays decision on the landmark Section 660A case.

Others | Thu, 30 Sep 2004

Setback for family businesses as arctic systems loses s660a case

Geoff and Diana Jones of Arctic Systems have lost their landmark Section 660A case.

Others | Thu, 30 Sep 2004

Uncertainty over tax test case for family business

Family businesses face uncertainty after three days of legal argument in a tax test case that could have massive implications.

Others | Thu, 17 Jun 2004

Section 660: surprise climbdown in recent case

The Inland Revenue created a surprise at the start of the landmark "husband and wife" tax case yesterday when it reduced the £42,000 it has been seeking in back taxes.

Others | Tue, 15 Jun 2004

PCG supporting s660a tax test case for husband and wife business

The first hearing of a Section 660A case by the Special Commissioners of Income Tax will begin on Monday 14 June 2004.

Others | Wed, 09 Jun 2004

Section 660 win for Qdos consulting

A freelance IT contractor has been subjected to a Section 660A investigation and won.

Others | Wed, 12 May 2004

Inland revenue’s first s660a case date set

The first hearing of a Section 660A case will be before the Special Commissioners of Income tax on June 14th 2004.

Others | Wed, 21 Apr 2004

PCG launches sara online s660a risk analysis tool for freelancers

The PCG have developed a tool for determining the risk from section 660A.

Others | Thu, 04 Mar 2004

Section 660. will it cost you £42,000?

Discusses the cost of Section 660 to the contractor.

Others | Fri, 20 Jun 2003

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