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.

Contractors' Questions

Experts answer the underlying question of the BN66 ruling.

Tax expert helps an IT contractor hoping to split dividends with his spouse.

Tax expert on using your 'Ltd' for the spouse's contract.

Tax tips for a limited company owner wanting to share the business with his family.

Income shifting: accounting tips for an Arctic Systems-style business.

S660 News

Limited company owners who claimed sensible 'tax planning' undone by 'S660.'

Feb 13, 2014

Husband-and-wife firms urged against leaving their business up to the divorce courts.

Jan 24, 2012

Tax experts don’t expect the chancellor is gearing up to raid the likes of Arctic Systems.

Mar 9, 2011

'S660' whispered in Whitehall for the first time since the coalition moved in.

Dec 22, 2010

Judge slams HMRC in its latest attempt to make s660A stick.

Aug 18, 2010

What IT contractors need to know about the Red Book 2008.

Mar 13, 2008

Legislating after losing to an IT contractor is worrying business experts.

Dec 11, 2007

Income shifting: share your business but don't share its profits, says the state, wielding fines.

Dec 7, 2007

But HMRC says the cost is unknown because it doesn't keep records.

Oct 24, 2007

Government: we'll have the final say on the tax affairs of family-run firms.

Jul 29, 2007