While Big Business Avoids Paying Tax, Government “Doggedly Pursuing Smaller Guys Instead”

Ed Molyneux, CEO and co-founder of FreeAgent said:

“Raising National Insurance contributions could have been potentially devastating for the UK’s freelancers and contractors, so I’m delighted to see that this plan has now been scrapped. These types of businesses are the backbone of the UK economy and need to be supported – not viewed as an easy target by the government.”

“It is very unfair to position freelancers and contractors as not being on a level playing field with those who are employed. These business owners have none of the employment rights or the security that employed workers do and there must be some recognition for that, unless the government wants to cripple this very important and growing part of the UK economy.”

“However, it’s disappointing to see that there has been no similar U-turn over the other contentious issue in the Budget: the decision to cut the dividend allowance. This has the potential to be equally damaging to the economy as it will not only be a disincentive for business owners to invest and grow, but it will also disproportionately affect Britain’s smallest businesses.”

“When there are many well-publicised cases of big businesses avoiding paying their fair share of tax in the UK it seems very unfair for the government to be doggedly pursuing the smaller guys instead.”

Author: Dylan Jones

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