S660 / Income Shifting
Welcome to CUK's guide to S660 and 'income shifting'. Section 660a or S660a has been around for many years but the Government (being short of a bob or two billion) has decided to re-examine this rule and apply it to tax 'husband and wife' companies.
Kingston Smith guides contractors through the old and new rules for 'husband and wife' businesses.
Tax barrister Anne Redston on how HMRC tots up how much ‘husband and wife’ firms must pay.
Tax expert Andrew Hubbard on changing the rules for ‘husband and wife’ firms.