IPSE: “Freelancers must be encouraged to take more time off not only for their businesses’ sake, but also for the sake of their wellbeing and personal lives.”
CIOT President Glyn Fullelove: “Calls for outside scrutiny have come both from those who believe HMRC are too aggressive in their use of powers and from those who fear that they are not bearing down hard enough on some taxpayers.”
The IPSE congratulates Boris Johnson on being elected as leader of the Conservative Party and Prime Minister, but urges him to make the economy more competitive by supporting the self-employed.
From next year, businesses engaging independent workers will become responsible for setting their tax status. As part of this reform, the tax liability will also transfer from the contractor to the fee-paying party in the supply chain, which is typically the recruiter or the company that directly engages the individual.
The Prompt Payment Code’s Compliance Board, chaired by CICM’s Chief Executive Philip King, includes the Small Business Commissioner Paul Uppal, and regularly reviews the status of organisations to ensure they are upholding their commitments.
The government has published its draft legislation with proposals to extend the ‘off-payroll working’ rules that currently apply to the public sector, to the private sector.
The Association of Independent Professionals and the Self-Employed (IPSE) believe the IR35 draft finance bill results could seriously damage British innovation.
IR35 changes to the private sector come into force next April, which will stop contractors who are effectively employees of a company ‘disguising’ themselves to pay less tax.