Arctic Case Gets A Date At The Court of Appeal

It has been announced that the Court of Appeal will hear the Arctic case on the 17 and 18 January 2006.

If successful, the amount the Revenue will receive from each case is relatively small, however, because of the number of cases the legislation could be applied to it is estimated that in total the Revenue stand to gain £1bn.

As the Master of the Rolls considers the case to be of significant public importance the hearing will include the Vice Chancellor. This confirms the long held views by the accountancy profession and all businesses affected, that this is indeed an important case and its impact could have profound consequences in the business community. It is also encouraging that other experts in this field agree with Qdos that the Revenue's view of the matter is not only unfair but also wrong in law.

Unfortunately the decision will not be received before the 31 January 2006 and so it will be too late to affect the Returns for the year ended 5 April 2005 as they are required to be submitted before 31 January 2006.

Qdos Consulting will be reviewing the progress of the appeal and providing commentary and advice when the Court of Appeal reaches its decision.

Article by Carl Whittaker - Qdos Consulting

Qdos Consulting are experts in Settlements Legislation and are able to offer a detailed Compliance Review and an opinion on whether you would be successful if challenged by the Inland Revenue. The cost for this is only £150 pa (plus VAT).

If you are deemed to be non-compliant, you will be advised on the course of action to take.

Qdos are also able to offer TLC660a insurance cover against potential tax liabilities or professional representation insurance only if required.

A Compliance Review can also be backed up by a comprehensive insurance for yourself and your business against the consequences of a Revenue investigation into your status under the Section 660A regulations. The cost for this is £325 (inc. IPT).

More Qdos Products -

Qdos Freelance Tax Protection - Only £99 incl IPT
Qdos Freelance Tax Protection gives you total fee protection affording you peace of mind in the event of a PAYE compliance vist, IR35 dispute or Tax Return Enquiry, as your case will be handled by one of our team of tax specialists at Qdos from PAYE compliance review by the Inland Revenue through to Commissioners' Hearing, if required.

Qdos TLC35 - Only £325 incl IPT
Qdos TLC35 not only is cover provided for representation costs, but also for additional tax, NIC, interest and penalties arising from an Inland Revenue enquiry.

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Posted 04/10/05

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