Meeting points

Rebecca Benneyworth lecturer author and sole practitioner.
Andrew Hubbard tax director Tenon Ltd.
Andrew Burgess lecturer with Mercia group.
Mike Truman editor Taxation magazine.

Arctic Systems decision

Andrew Hubbard emphasised that clients in a similar position to Mr and Mrs Jones cannot ignore the judgment in the High Court as it is a binding precedent. However this puts such taxpayers in a difficult position as they must self-assess on a matter even the highest qualified QCs cannot agree on. If the taxpayer declares on his 2005 tax return that all the dividends from the business are taxable on the fee earner then the Court of Appeal changes the decision on the Jones v Garnett appeal case; the taxpayer has until 31 January 2007 to revise his 2005 tax return.

To disclose or not to disclose?

Andrew Hubbard explained the joint Institutes' guidance gives...