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Shout99 has a number of special offers for its readers to help you run your small business (click on red links for more information):
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PI insurance
From £98 for freelancers and management consultants |
Income protection/PHI
Tailored income protection/PHI insurance for freelancers |
Pensions
Online pension finder for freelancers |
Banking
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Section 660 Information Centre
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Section 660 affects Ltd companies owned by husband and wife. Shout99 will be keeping freelancers and small businesses informed on this latest threat via this dedicated information centre.
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While Geoff and Diana Jones from Arctic Systems have become synonymous with Section 660, the sword of the so-called married couples business tax has been hanging over the head of many small businesses.
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One of the small business groups which supported the Arctic Systems case - and victory - in the House of Lords has questioned the Government’s intention to introduce a new tax for companies owned by married couples.
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Small business had only 24 hours to celebrate the Arctic Systems victory in the House of Lords, before the Government signalled its intention to change the law relating to husbands and wives in business together.
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The brown envelope marked 'Inland Revenue' landing on the doormat has marked the start of a long campaign for many freelancers who have gone into battle with Her Majesty's Revenue and Customs. But few have been as significant or as arduous a battle as that which has affected Geoff and Diana Jones from West Sussex.
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The opinions of the law Lords who found in favour of Arctic Systems are now available.
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The long legal road for Arctic Systems ended in the House of Lords today with a victory for husband and wife businesses and hopefully an end to the uncertainty which has plagued similar businesses for years.
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The House of Lords has ruled in favour of Arctic Systems and rejected HMRC's attempts to impose a so-called married couples' business tax - Section 660 - on tens of thousands of small businesses.
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After more than five years of legal dispute with HM Revenue and Customs (HMRC), the landmark ruling on the married couples business tax will be finally decided in the House of Lords on Wednesday (July 25, 2007).
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Although the court room battle relating to Arctic Systems has concluded in the House of Lords, there is still confusion as to the wider impact of the awaited decision.
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The law Lords retired to consider their decision after hearing the Arctic Systems - Section 660 - case for a day and a half.
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