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
IPSE's Josh Toovey asks whether Andy Burnham's government will benefit the self-employed and sets out what the new Prime Minister must do from day one.
IPSE's Josh Toovey sets out four reforms the self-employed need from the next government: IR35, Making Tax Digital, parental pay and security vetting.
Start your self-employment journey with confidence with IPSE Kickstart membership, offering income protection and expert legal and tax advice.
