Arctic Systems: Lords announce date of appeal hearing. By Nichola Ross Martin
The House of Lords have at last announced that they will hear HMRC's appeal in the case of Jones v Garnett on 5th June 2007. They have scheduled the hearing to take three days, and it will be several weeks thereafter before a judgment is published.
The case concerns the application of the settlements provisions in s.660A ICTA 1988 to a husband and wife run business. The saga has dragged on in the courts for the last four years, creating fundamental uncertainties for many in couples in business.