Pre Budget Report 2007 - Arctic Sytems
Below is a brief update on the Arctic Systems case from Lisa Spearman, Mercer & Hole Partner and Tax Plus Blog contributor.
An announcement has been widely expected and commented on in this and other blogs following on from the Revenue’s defeat in the House of Lords. This is a case of the dog that didn’t bark or at least not yet.
The announcement is that there will be an announcement shortly with a view to introducing legislation from 6 April 2008 to stop income shifting.
At the risk of being repetitive - further and better particulars will follow…
