IPSE (the Association of Independent Professionals and the Self-Employed) has responded to measures announced at today’s Budget statement.
Andy Chamberlain, Director of Policy at IPSE, said: “Today’s Budget was an encouraging sign that the Chancellor is beginning to listen to the self-employed. But despite the welcome cut to National Insurance and the raising of the VAT threshold, the measures failed to address the substantive issues holding the self-employed back, from IR35 to the looming cost of Making Tax Digital.
“It’s positive that the Chancellor has heeded IPSE’s call to raise the VAT registration threshold. This increase, whilst modest, will alleviate a barrier to the growth of our smallest businesses and it is encouraging to see the Chancellor recognise that in today’s Budget.
“And while the cut to National Insurance will be welcomed by the UK’s 4.2 million self-employed, any benefit may well be undermined by frozen thresholds and continued inflation.
“The self-employed make an enormous contribution to our economy and society, but it could be even greater if the government were to grasp the nettle of IR35 and address the forthcoming impact of Making Tax Digital for Self Assessment.”
ENDS
The latest self-employed news and opinion
Following a ruling that four sports broadcasters broke rules on coordinating their freelancers' pay, IPSE's Fred Hicks looks at the options for levelling the play...
IPSE's Joshua Toovey runs through the key announcements for the self-employed at the 2025 Spring Statement.
The government has revealed plans to lift a key tax threshold for side hustles - IPSE's Fred Hicks explains what you need to know.
