- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
income shifting - on ice
Collapse
X
-
-
Originally posted by Just1morethen View PostI've got better things to do than get involved in a slanging match with someone who is clearly as arrogant as you are.Comment
-
Originally posted by THEPUMA View PostThere is more to this query than meets the eye.
In the Arctic Systems case, the exemption which one the case for the Joneses in the House of Lords is only available to married couples and civil partners. This is presumably why your accountant thinks you are unable to pay dividends to your partner.
However, it is unlikely that a case would have been taken against the Joneses had they been unmarried.
This is because the settlements legislation can not normally be applied to unmarried partners where dividends are paid into the sole account of the non-fee generating partner. Whereas, payments to a spouse are automatically deemed to be of benefit to the other spouse.
So in summary, your accountant is half right but has reached the wrong conclusion.
Just1morethan, on the other hand, is a buffoon.
PUMA
ffs!!
Older and ...well, just older!!Comment
-
Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Labour’s plan to regulate umbrella companies: a closer look Nov 21 09:24
- When HMRC misses an FTT deadline but still wins another CJRS case Nov 20 09:20
- How 15% employer NICs will sting the umbrella company market Nov 19 09:16
- Contracting Awards 2024 hails 19 firms as best of the best Nov 18 09:13
- How to answer at interview, ‘What’s your greatest weakness?’ Nov 14 09:59
- Business Asset Disposal Relief changes in April 2025: Q&A Nov 13 09:37
- How debt transfer rules will hit umbrella companies in 2026 Nov 12 09:28
- IT contractor demand floundering despite Autumn Budget 2024 Nov 11 09:30
- An IR35 bill of £19m for National Resources Wales may be just the tip of its iceberg Nov 7 09:20
- Micro-entity accounts: Overview, and how to file with HMRC Nov 6 09:27
Comment