“Changes to employment laws announced in last week’s budget are encouraging for small employers but could disproportionately affect women, solicitors have warned.”
Law Society’s Gazette, 30th March 2011
from the Inner Temple Library
Husband not liable for tax on his wife’s private dividend
House of Lords
“A spouse who used a private company to transfer some of his earned income to the other spouse was not liable to pay tax on that income, provided the other spouse’s shares in the company were ordinary shares which carried a right to more than mere income.”
The Times, 9th August 2007
Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.
“A husband who provided his services to the market via a private company which his wife co-owned, thus distributing his earned income between them both via dividend, was not liable to tax on the income transferred to the wife, pursuant to section 660A of the Income and Corporation Taxes Act 1988, provided the wife’s shares in the company were ordinary shares which carried a right to more than just income.”
WLR Daily, 30th July 2007
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
“Small businesses were celebrating victory yesterday after the House of Lords dismissed an appeal by HM Revenue & Customs in a landmark tax case, and gave the legal all-clear to a tax-saving arrangement used by thousands of husband-and-wife operations.”
The Independent, 26th July 2007