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Family Business Tax

Simon Sweetman independent tax consultant and adviser to Shout99 reports on the first Family Business Tax Conference held at the Institute of Electrical Engineers on 18 June
On 18 June Shout99 the leading organisation for freelancers held a conference at the Institution of Electrical Engineers to discuss issues raised by the Inland Revenue's recent use of the Chapter XV settlements legislation in the context of self-assessment enquiries into small businesses especially small limited companies. The audience was a mixture of freelancers and of the accountants who represent them. This is a brief summary of some of the points made during the presentations and the question-and-answer sessions.
The seminar was intended to explain the legislation and some of the relevant case law to look at what is...
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