PM’s deal as bad as ‘no deal’, say the UK’s self-employed

(2 minutes to read)

Latest IPSE research shows that the majority of self-employed workers believe the PM’s Brexit withdrawal agreement will have a negative impact on their businesses – almost as much as a ‘no deal’.

A recent survey has revealed just how the self-employed feel about Brexit when it comes down to how it will impact their business.

Surveying more than 660 contractors between 3rd-17thDecember last year, the Association of Independent Professionals and the Self-Employed (IPSE) found that as many as 64% believe that a ‘no deal’ would negatively impact their business. This is only slightly higher than the 60% of respondents who believe their businesses will take a hit if the Prime Minister’s current withdrawal agreement goes ahead.

When asked about the main priority for their businesses in negotiating Britain’s future relationship with the European Union, contractors listed:

  • ensuring UK businesses have access to the Single Market for services (39% of respondents);
  • ensuring free movement of UK citizens across EU (22%);
  • ensuring UK businesses have access to the Single Market for goods (10%);
  • restricting immigration from EU nations (6%).

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IPSE’s Deputy Policy Director, Andy Chamberlain, commented, “The proportion of freelancers worried that Brexit will negatively impact their business has increased significantly over the past 12 months.

“This is alarming, because now more than ever the UK needs the flexibility freelancers bring to the economy.

“The UK’s 4.8 million self-employed are the country’s smallest and most agile businesses, and they will be crucial to any post-Brexit growth strategy.

“Freelancers are caught between a rock and a hard place on Brexit.

“They are clearly worried by the prospect of a ‘no deal’, however they also feel the Prime Minister’s withdrawal agreement will freeze them out of future opportunities.

“This is because they fear large companies, who are important clients for them, may relocate their operations because of Brexit. Freelancers may also find it harder to access contracts in the EU.

“Like everyone else, the self-employed are also worried that their living costs could increase, putting pressure on their finances.

“Freelancers do not have a benign impact on the economy. In fact, they generate more than £271 billion of economic activity each year.

“Their contributions must be valued and recognised.”

To find out more about contracting please contact James on 01442 795 100 or email james.trowell@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, ContractorUmbrella, 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 ContractorUmbrella – 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, ContractorUmbrella.
  • 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.

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.

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