Matrimonial difficulties
28 August 2012
I’ve been hearing a lot recently about the so-called husband-and-wife tax after IT contractor firm Arctic Systems lost a battle with the Inland Revenue and was forced to pay back thousands in unpaid tax. Could this affect the recruitment business that I r
The decision in the Arctic Systems case has added to the uncertainty concerning the taxation of married couples and other people in business who have to choose how to share the profits between them.
The special commissioners who made the decision were not unanimous: one was for the taxpayer, the other for the Inland Revenue, and the case was decided by a casting...