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
Self-employed women earn £51 less per day than men on average, research shows. But what is driving the gap, and how can we close it?
Qdos CEO Seb Maley reflects on the Post Office's recent IR35 tax bill and encourages contractors to share their views on the legislation in a joint survey with IP...
Self-employed women charge £51 less per day on average than men, the UK's self-employed association said.
