Pre-Budget Report, economy uk, pre-budget economic, Treasury, Corporate Tax, Pensions, reform, R&D, Research and Development - ukbudget.com
 
Pre-Budget Report, economy uk, pre-budget economic, Treasury, Corporate Tax, Pensions, reform, R&D, Research and Development - ukbudget.com

Pre-Budget 2007 > Entrepreneurial Business > Income shifting for individuals
 

 

Income shifting for individuals

As already announced, new rules are to be introduced to counter higher rate taxpayers shifting their income to a lower rate taxpayer through the use of company dividends or partnership distributions. Those most likely to be affected are smaller family businesses.

Our view
HMRC made it clear at the time of the historic Arctic Systems case that they would be looking to effectively reverse that case. Consultation will take place on the detail of the new provisions.
 
   

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