Husband and wife are entitled to structure their consultancy business so as to minimise their combined liability to pay income tax and national insurance

Jones v Garnett (HM Inspector of Taxes) [2007] UKHL 35

The House of Lords delivered judgment on 25 July 2007, not only to the satisfaction of the Geoff and Diana Jones, but also to the many other husband and wife teams that run a business in the form of a limited liability company. The Lords of Appeal unanimously rejected the Tax Inspector’s appeal against the Court of Appeal’s decision in favour of the Respondent, Geoff Jones. The case has attracted much media attention: see for example The Times, 26 July 2007, p.43, where it is suggested that this decision will spark ‘a wide-ranging review of Britain’s tax system’ and result in fresh legislation.

See full case note under 'Business Law'.



Today's News Feeds

A feed could not be found at http://feeds.reedbusiness.co.uk/9e7fc5ff-4b44-4653-81be-ff03d25ca827/Contract%20Journal%20CCP/Contract%20Journal%20-%20Construction%20Law.xml

A feed could not be found at http://feeds.reedbusiness.co.uk/64b72e60-b2f9-4ac4-97a1-6161057ac0b5/Contract%20Journal%20CCP/Contract%20Journal%20-%20Business%20and%20Finance.xml