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OTS seeks views on future of disincorporation relief

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The Office of Tax Simplification has published a focus paper asking for comments by 15 September on whether there is still a demand amongst businesses for disincorporation relief, which is due to expire on 31 March 2018. The paper aims both to remind businesses that the relief will end if no action is taken, and to find out why take-up of the relief has been relatively low. The OTS observes that the proposed reduction in the dividend allowance from April 2018 may increase the number of small companies wishing to disincorporate.