IPSE welcomes government’s loan charge review

(2 minutes to read)

The Association of Independent Professionals and the Self-Employed: “The government should see this as an opportunity to repair its damaged relationship with freelancers.”

With the government announcing its new loan charge review last week, the IPSE has welcomed the decision.

Chris Bryce, CEO of IPSE, commented, “IPSE welcomes [today’s] announcement and is pleased that the Treasury has listened. We never supported the schemes involved but have consistently raised concerns about revenue’s aggressive and retrospective tactics, which have unsettled Britain’s freelancers and caused significant pain.

“However, this review looks worryingly limited and we urgently need to see the details. Just scratching the surface won’t be good enough. The Chancellor must make sure Sir Amyas uncovers why exactly this was mishandled – and that lessons are learned.”

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He added, “Loan schemes only appeared after the introduction of the chaotic and damaging IR35 legislation. The review must therefore consider this root cause – especially ahead of the planned extension of changes to IR35 to the private sector next April.

“The government should see this as an opportunity to repair its damaged relationship with freelancers. A culture change is urgently needed, as shown by HMRC’s recent misleading and threatening letters to GlaxoSmithKline contractors about IR35.

“The self-employed are one in seven of the working population, and play a vital part in driving innovation and productivity in the UK’s economy. Instead of trying to force them into a telegram-era tax code, the government should focus its efforts on building a system fit for the broadband age.”

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

Why Dolan Accountancy?

Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £95 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of Contractor Umbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year.
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.
  • Same day payments- We offer same day payments as standard providing funds are received into our account by 9am, for no additional fee.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.