Tens of thousands of freelancers who operate their businesses through limited companies may be forced to stop taking on contracts if the Government pushes ahead with proposed limitations to tax relief, according to new research conducted by IPSE.
Simon McVicker, Policy and External Affairs Director at IPSE reacted to speeches made by Shadow Business Minister, Angela Eagle MP and Shadow Chancellor John McDonnell by stating the Labour Party needs to reconnect with business, and the self-employed in particular.
IPSE's Policy and External Affairs Adviser Jordan Marshall reports from sunny Bournemouth, where the party tries to pull back together the pieces after a devastating election defeat.
In the Summer Budget the Chancellor confirmed that it is Government policy to review the taxation position of travel and subsistence expenses for those who operate their own businesses, freelance or are self-employed.
Dear Mr. Taxman,
Please stop moaning about how hard it is to be you.
I accept it’s tough to write tax legislation to give you the result you want. I know what it’s like to have limited resources, I understand political and financial pressure and accountability.
Professional recruiters, agencies and individuals must play it safer - and blow the whistle on providers who aren't playing it strictly by the book, writes Damian Broughton, managing director of Danbro Accounting for Life.
Plans were announced within the Budget to abolish the personal tax return, with the Chancellor describing it as too ‘complex, costly and time consuming,’ writes Christopher Oxley, Danbro Group business development accountant.