Responding to measures announced at today’s Autumn Statement, IPSE (the Association of Independent Professionals and the Self-Employed) has welcomed cuts to self-employed National Insurance contributions, despite warning that this may not be enough to win the sector’s favour.
Andy Chamberlain, Director of Policy at IPSE, said: “We’re pleased the Chancellor has recognised the vital contribution of the self-employed sector to the UK economy, backing this with a cut to Class 4 National Insurance.
“The abolition of Class 2 NI is a welcome simplification and will particularly benefit the self-employed on low incomes.
“Whilst it’s a welcome relief to feel there is some support on offer from government, the self-employed sector is still reeling from gaping gaps in support during the pandemic and the implementation of the off-payroll working rules, which have had a devastating impact on hundreds of thousands.
“Today’s announcement is a welcome step in the right direction, but the government still has much more to do to win back the support of the sector.”
Become a member
Ensuring your voice is fairly heard
We communicate the issues important to you, to the highest levels of government. Campaigning on your behalf for 25 years - we get your voice heard and make change happen.
Latest self-employed news and opinions
Not sure which structure is right for your self-employed business? In this blog, experts from Qdos runs through the key tax implications of each one.
Self-employed set to benefit as government unveils new reforms to strengthen late payment enforcement.
Here's what sole traders will need to start doing differently with their tax from April.
