IPSE responds to Taylor select committee comments
IPSE has responded to Matthew Taylor’s comments at his hearing with the BEIS and Work and Pensions Committee today.
Simon McVicker, IPSE Director of Policy, said: “Although not part of his original remit for the Review of modern working practices, Taylor is right to call for a more considered approach to the taxation of the self-employed. Instead of damaging piecemeal changes, it’s time for the Government to commission a comprehensive review of how we tax this vital and growing part of our economy.
“Taylor is also right that we urgently need to address the thorny issue of employment status. The current confusion leaves vulnerable workers too open to exploitation by unscrupulous employers. At IPSE we’ve been arguing for some time that the best way to clear the confusion is to introduce a statutory definition of self-employment.
“We also agree with Mr Taylor’s comments on the need to do more to promote pension uptake among the self-employed: the lack of pension support for the self-employed is a ticking time bomb.”Finance, Tax, Pensions, Policy, Employment