IPSE hails Conservative pledge to scrap national insurance as "shot in the arm" for self-employed
IPSE has praised the Conservative's manifesto pledge to scrap national insurance for the self-employed but warned that limited company directors need equivalent support.
Today’s pledge by the Prime Minister to abolish national insurance for the self-employed has been praised by the CEO of the UK’s self-employed trade body, IPSE (the Association of Independent Professionals and the Self-Employed).
Derek Cribb, CEO of IPSE, said: “The Prime Minister is right to reward the millions of risk-takers in our workforce by scrapping their national insurance.
“By freeing them from the burden of calculating and paying a second tax on work, the Conservatives would be giving the self-employed sector a much needed shot in the arm and renew the nation’s desire to strike out on their own.
“But the Prime Minister would do well to remember that hundreds of thousands more self-employed company directors will not feel the benefits of this landmark tax pledge. If his aim is to back the self-employed, he should ensure that limited company freelancers are supported with equivalent pledges before polling day.”
Latest news and opinions
IPSE welcomes higher mileage rates, parental pay for self-employed dads and a Carer’s Allowance taper, but says Wednesday’s Budget must do more.
IPSE welcomes the Companies House profit and loss pause for small firms but urges the Chancellor to do more for the self-employed in the Budget.
IPSE’s Josh Toovey argues the employment status consultation tackles false self-employment but dodges tax, leaving it only half the job.
