IPSE urges new Chancellor to stick to off-payroll repeal commitment
- 14 Oct 2022
Update: This policy area has been subject to frequent change in recent weeks - as a result, the information in this article is out of date. For the latest on IR35, visit our IR35 hub.
IPSE (the Association of Independent Professionals and the Self-Employed) has today responded to the news that Jeremy Hunt has taken over as Chancellor of the Exchequer. The association, which represents those who work for themselves in the UK, has warned the government must stick to its commitment to repeal the 2017 and 2021 reforms to IR35.
Andy Chamberlain, Director of Policy at IPSE said: “We look forward to working with Jeremy Hunt and we will be impressing upon him the need to better support the UK’s 4.3 million self-employed. He can send a clear signal that he intends to do just that by reaffirming the commitment made by the outgoing Chancellor, Kwasi Kwarteng, to repeal the damaging reforms to IR35.
Corporation Tax
Chamberlain continued: “It is disappointing that the government has decided to U-turn on the Corporation Tax announcement. Increasing Corporation Tax will inevitably put more pressure on the businesses we rely on to drive growth, however, we are pleased that there are measures in place which will ensure our smallest businesses will be less severely impacted.”
The announcement that the 2017 and 2021 reforms are to be repealed means that from 6 April 2023, contractors will once again be responsible for assessing the tax status of their engagements, as was the case pre-reform. However, with this responsibility also comes the associated tax liability if HMRC disagrees with an engagement’s status.
Notes to Editor
IPSE Press Office: 07818 685 310 / [email protected]
About IPSE
IPSE is the largest association of independent professionals in the UK, representing freelancers, contractors and consultants from every sector of the economy. It’s a not-for-profit organisation owned and run by its members. We believe that flexibility in the labour market is crucial to Britain’s economic success, and dedicate our work to improving the landscape for the freelance way of working through our active and influential voice in Government and industry. IPSE aims to be the principal and definitive source of knowledge about freelancing and self-employment in the UK. We work with leading academic institutions and research agencies to provide empirical evidence about evolving market trends. This research supports our work with Government and industry and delivers key market intelligence to help our members with business planning.
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