MPs moot a new legal entity for 21st century small business

Following the Treasury’s decision to defer the proposed “income shifting” legislation for a year, a cross party group of 3 MPs have decided not only to encourage fresh debate on the whole topic of small business taxation, but also to ask HM Treasury to consider providing small business with a new entity designed for business in the 21st Century.

MPs David Drew, Bob Spink and Peter Bottomley have tabled a new Early Day motion in the Commons "Income shifting and the future of small business taxation" asking for a review of more appropriate means of providing smaller enterprises with a