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S660 / Income Shifting

S660 - What is it?

Welcome to CUK's guide to S660 and 'income shifting'. Section 660a or S660a has been around for many years but the Government (being short of a bob or two billion) has decided to re-examine this rule and apply it to tax 'husband and wife' companies.

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Written by cukAdmin

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Guide type and date

22nd June, 2004 | Section 660

CUK’s contractor guide to s660, income shifting Part 1

Kingston Smith guides contractors through the old and new rules for 'husband and wife' businesses.

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Written by helen

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Guide type and date

9th March, 2011 | Section 660

CUK’s contractor guide to s660, income shifting Part 2

Tax barrister Anne Redston on how HMRC tots up how much ‘husband and wife’ firms must pay.

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Written by helen

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16th March, 2011 | Section 660

CUK’s contractor guide to s660, income shifting - Part 3

Tax expert Andrew Hubbard on changing the rules for ‘husband and wife’ firms.

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Written by helen

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Guide type and date

23rd March, 2011 | Section 660

Contractors' Questions

Contractors' Questions: Is the door open to retrospective taxation?

Experts answer the underlying question of the BN66 ruling.

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Written by cukAdmin

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31st January, 2010 | Section 660

Contractors' Questions: Can I 'income-split'?

Tax expert helps an IT contractor hoping to split dividends with his spouse.

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Written by cukAdmin

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3rd March, 2010 | Section 660

Contractors' Questions: Do we risk tax under S660?

Tax expert on using your 'Ltd' for the spouse's contract.

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Written by cukAdmin

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30th September, 2010 | Section 660

Contractors' Questions: Is my share plan caught by S600?

Tax tips for a limited company owner wanting to share the business with his family.

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Written by cukAdmin

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25th October, 2010 | Section 660

Contractors' Questions: Can I take profit from my husband?

Income shifting: accounting tips for an Arctic Systems-style business.

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Written by cukAdmin

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2nd November, 2010 | Section 660

Contractors' Questions: Am I caught by income-shifting legislation?

Help for a husband-and-wife company trying to mitigate the new dividends tax.

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Written by Simon Moore

Simon Moore is one of the UK’s most consistently published freelance journalists on freelancing, self-employment and contractor issues, such as IR35, the Loan Charge and late payment. Trained in News & Features writing by NCTJ-approved journalism tutors, Simon worked in the newsrooms of local, consumer and national press titles, before setting up his own editorial services company, Moore News Ltd.

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Guide type and date

14th July, 2016 | Section 660