Tax hike unfair to the unsupported self-employed

(1 minute to read)

IPSE: ‘If the government wants to avoid the country slumping further into recession, it must not squeeze this struggling and vital sector with unjust tax hikes’.

Raising Corporation Tax and NIC to pay for partial support during Covid-19 would be ‘unjust, uneconomical and unbelievable’, says the IPSE.

The Association of Independent Professionals and the Self-Employedbelieves that it would be unfair for the 1.5 million forgotten self-employed to have to contribute to support that they didn’t even receive.

Andy Chamberlain, Director of Policy at IPSE, commented, “The last few months have financially hammered the self-employed, with over two-thirds seeing a drop in demand for their work. Government support was some help – to a proportion of the self-employed. More noticeable, though, was the 1.5 million who fell through the gaps, leaving many financially devastated.”

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“The idea that this 1.5 million should now suffer a drastic tax hike to pay for support they never got is unjust, uneconomical – and unbelievable. If the government is really considering this, it must stop now.

“Normally, the self-employed would be expected to play a major part in recovery during an economic crisis. This quarter, however, we have seen the biggest drop in self-employed numbers on record. If the government wants to avoid the country slumping further into recession, it must not squeeze this struggling and vital sector with unjust tax hikes.”

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

Jaime Thorpe

By Published on 09th September 2020

limited, umbrella, Contractors

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