GOVERNMENT LOOKS TO BAN LLP CORPORATE MEMBERS

摘要

Plans by the government to crack down on the use of corporate partners by limited liability partnerships (LLPs) is 'dangerously anti-business', says the ICAEW. The latest proposal was outlined in a response paper released by the Department of Business, Innovation and Skills (BIS) back in April 2014. The response relates to a BIS consultation, Transparency and trust: enhancing transparency of UK company ownership and increasing trust in UK business, launched in July 2013. The proposals, outlined in paragraph 169 of the BIS document, indicate that the government is considering extending the proposal to outlaw corporate directors (where a company director is another company), subject to limited exemptions, to corporate members of LLPs. There was no mention of this idea in the original consultation.