AccountingWEB recently ran a limerick competition with reference to the case of Jones v Garnett - otherwise known as Arctic Systems Limited - which was finally heard by the House of Lords earlier this month. Geoff Jones and his wife Diana's financial arrangements have been attacked by HMRC under the settlements legislation. Most commentators take a different view to HMRC.
My favourite limerick was one of the runners up according to the AccountingWEB judges:
In the House of Lords one June day
Geoff Jones was having his say
“Being taxed on Di’s share
Is distinctly unfair
When the law is decidedly grey!”
Well done to Jo Stimpson - You woz robbed!
