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Strategies for dealing with Section 660, the so-called married couple's
business tax, will be explained at the first conference to focus exclusively
on this issue.

The conference is aimed at freelancers and small family businesses - and their
advisers - who could be affected by the Revenue's latest approach to their
arrangements and face back-dated tax bills of up to £42,000.

Expert speakers will include Qdos one of the most experienced practitioners in
this area who are currently representing several businesses who are subject to
ongoing Section 660 challenges from the Revenue. Other expert speakers include
independent tax adviser, Simon Sweetman, who is an acknowledged expert and
commentator on Section 660 issues; and Kevin Miller, FCA, who specialises in
tax matters relating to freelancers.

The conference is being organised by Shout99, the UK's largest network for
freelancers. Two conferences will be held on June 18, 2003 at 2.30pm and 7pm
at the Institution of Electrical Engineers, Savoy Place, London WC2. Places
cost £85 + VAT (£99.88) and can be reserved online at
www.shout99.com/section660conference

For further information contact Shout99 on 0207 462 7955

Notes to Editors

1. Shout99 is the UK's largest freelancer network. It also has a free Section
660 information area for those businesses who could be affected. See
www.shout99.com/section660

2. Section 660 is an existing piece of legislation which refers to Section
660a to 660g of the Income and Corporation Taxes Act 1988. In April 2003, the
Revenue issued a Tax Bulletin which explained its current position. It
identifies the case of a business owned by a husband and wife where the shares
are divided. One of the parties is the major fee earner who receives a salary
from the business. The profits are then paid out as dividends between the
shareholders - the husband and wife. The Revenue claims this is a transfer of
earnings from the higher tax payer to the lower tax payer in order to avoid
tax - and is pressing that point with hefty backdated tax bills of up to
£42,000.

3. The Shadow Chancellor, Michael Howard MP, has predicted that up to 1.7
million small family businesses are now uncertain of their tax status as a
result of the Revenue's latest stand.

This press release was distributed by ResponseSource Press Release Wire on behalf of Webtastic in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.