'Be cautious with freelancer tax changes'
The UK’s freelancing trade body has responded to a newspaper’s claims that Philip Hammond is preparing to use today’s Budget to overhaul tax for self-employed freelancers.
Referring to the story by The Times, the Association of Independent Professionals and the Self-Employed said it would support a consultation on reforming the currently “complex” taxation of such sole traders.
“However, the government must proceed with caution,” the association said, pointing out that the system should be “fairer” and reflective of “modern working practices.”
IPSE’s Andrew Chamberlain added: “Any changes to the tax system must be carefully considered or will run the risk of damaging one of the UK’s principle competitive advantages -- it’s flexible labour market."