Incorporation survey flags non-tax incentives

The protection of limited liability is the most commonly cited reason for incorporating a business, according to research conducted by Ipsos MORI for HMRC that may be seen to add weight to calls for reform of the controversial IR35 legislation.

Possible reasons for the “marked increase” in incorporations over the last two governments could include changes to the structure of the labour market and recent changes in corporation tax, said the authors of a report published by HMRC earlier this month.

Read more at AccountingWEB.