Header logo
Log in
Budget 2024 Self employed tax cuts encouraging but Chancellor fails to grasp the nettle of IR35

Budget 2024: Self-employed tax cuts “encouraging” but Chancellor fails to “grasp the nettle” of IR35

IPSE responds to measures announced by the Chancellor at the 2024 Spring Budget statement.

About us simpler
IPSE Press Office
06 Mar 2024
1 minutes
Share

IPSE (the Association of Independent Professionals and the Self-Employed) has responded to measures announced at today’s Budget statement.

Andy Chamberlain, Director of Policy at IPSE, said: “Today’s Budget was an encouraging sign that the Chancellor is beginning to listen to the self-employed. But despite the welcome cut to National Insurance and the raising of the VAT threshold, the measures failed to address the substantive issues holding the self-employed back, from IR35 to the looming cost of Making Tax Digital.

“It’s positive that the Chancellor has heeded IPSE’s call to raise the VAT registration threshold. This increase, whilst modest, will alleviate a barrier to the growth of our smallest businesses and it is encouraging to see the Chancellor recognise that in today’s Budget.

“And while the cut to National Insurance will be welcomed by the UK’s 4.2 million self-employed, any benefit may well be undermined by frozen thresholds and continued inflation.

“The self-employed make an enormous contribution to our economy and society, but it could be even greater if the government were to grasp the nettle of IR35 and address the forthcoming impact of Making Tax Digital for Self Assessment.”

ENDS

The latest self-employed news and opinion

New small business comissioner 2
IPSE welcomes new Small Business Commissioner and calls for stronger action on late payment
+1 more

IPSE welcomes the appointment of Emma Jones OBE as the new Small Business Commissioner, calling on government to equip the role with increased powers to tackle la...

26 Jun 2025
About us simpler
IPSE
Companies house changes 2
New Companies House rules for directors – what you need to know
+2 more

IPSE’s Joshua Toovey explains what the recent announcement of planned changes to Companies House reporting means for company directors.

26 Jun 2025
Josh Toovey Headshot
Josh Toovey
What government gets right and wrong with its new Fair Payment Code 2
The Secret Contractor: This is how much more you should charge to work inside IR35
+2 more

In this secret contractor blog, an anonymous IPSE member shares their verdict on how much more you should charge for working inside IR35.

12 Jun 2025
Author simpler
The Secret Contractor
IPSE-LOGO-HEADER

Join our newsletter

Registered in England and Wales, no 03770926. 4th Floor, 95 Gresham Street, City of London, London EC2V 7AB