S660A - new guidance issued

[dCode]

Contractors in husband and wife companies may be interested in new guidance issued today on how to complete your tax return whilst awaiting the outcome of the Arctic Systems appeal in January 2006.
http://www.dcode.co.uk/site/home/200...ttlements.html

[malvolio]

Let me summarise: "We don't have an answer".

This is no different to where we were when the Artic thing started - you can tell Hector about your partner's dividend income and ask to be taxed on it, you can write a note on your SA form saying you diagree so please investigate me and tax me on it or you can disregard the whole thing and hope not to get noticed, but if you do you are taxed in it and pay penalties as well for non-disclosure. Not much of a choice really.
I have a different problem. S660a no longer applies to me, but arguably could have done in the past few years. Do I write to Hector asking him to re-open my last 6 years income tax returns, I wonder??

[xoggoth]

Although they could, they do not usually go back beyond three.

[malvolio]

OK, so that's just £30k back tax then. Phew...