Policy paper
OTS Final report on Sole Enterprise with Protected Assets (SEPA)
OTS publishes its final report on the SEPA model following consultation period.
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Details
Work was endorsed by the Financial Secretary to the Treasury to further develop the concept of a Sole Enterprise with Protected Assets (SEPA) model following a recommendation in the OTS Small Company Taxation review published on 7 March 2016.
A discussion paper on SEPA was published on 18 July 2016 and a consultation based on this ran until 12 September 2016.
We have now had the opportunity to consider the views received during this period and from wider discussions with stakeholders and are today publishing the findings in our report along with drawing together some final conclusions on the SEPA model.
Published 3 November 2016