Autumn Statement shows government making it harder for self-employed, says IPSE

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IPSE: ‘After the financial damage of the pandemic, exclusion from support, the changes to IR35 taxation, the recent tax hike on dividends and the impending corporation tax hike, this latest attack is further salt in the wound for anyone working through their own company’.

With the disaster of the Mini-Budget just a couple of months ago, yesterday’s Autumn Statement had to be one that the government could deliver on.

However, the Association of Independent Professionals and the Self-Employed (IPSE) are unhappy with some of the decisions made, particularly with regards to slashing the dividend allowance, as they say it will be another blow to the UK’s SMEs.

Andy Chamberlain, Director of Policy at IPSE, said, “After the financial damage of the pandemic, exclusion from support, the changes to IR35 taxation, the recent tax hike on dividends and the impending corporation tax hike, this latest attack is further salt in the wound for anyone working through their own company.”

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Andy added, “The government is making it harder and harder for those who work for themselves. Of course, we need to raise tax to pay for vital public services, but time and again it seems our very smallest businesses are the first targets.

“We’ve already seen the number of self-employed fall dramatically since the pandemic – the government seems intent on reducing that number further. By slashing the dividend allowance, the government has once again demonstrated that it does not support small business.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

Jaime Thorpe

By Published on 18th November 2022

limited, Contractors

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