Guidance to members of the Chartered Institute of
Taxation (CIOT), Tax Faculty of the Institute of Chartered
Accountants in England and Wales (ICAEW), Association
of Chartered Certified Accountants (ACCA), Institute of
Chartered Accountants of Scotland (ICAS), Association of
Taxation Technicians (ATT) and Association of Accounting
Technicians (AAT) (‘the professional bodies’) as regards
the impact of the settlements legislation (formerly s660A,
ICTA 1988 and now in Chapter 5 of Part 5 to ITTOIA
2005) on small businesses.