Budget 2017: What’s the verdict?

By March 9, 2017Public

With the changes to the simple VAT scheme due to take effect in April, and the increased National Insurance Contributions announced in the 2017 Budget, I suspect I am not alone in thinking this chancellor doesn’t understand the pressures facing self-employed taxpayers.

I’m all for level playing fields, but this one feels as level as the Himalayas. Freelancers and other self-employed members are not guaranteed statutory sick pay, holiday pay or a regular income. And correct me if I’m wrong, but any payments we make setting up critical illness policies to cover ourselves are not tax deductible — so how can this be fair or level?
This is also on top of the VAT changes which mean we will be paying at 16% not 12.5% — or contemplating an extra mountain of paperwork to switch from the simple scheme.
How do other members feel about this? I will be interested to hear feedback at the Freelance Forum on April 25 — looking forward to seeing you there.
Jane Symons

Author Jane Symons

Jane is a freelance journalist, author and media consultant whose credits range from The Sun to the World Health Organisation.She edited the health pages of The Sun for five years, and is a former health editor of Woman's Own and chief sub-editor of the Telegraph Magazine.At one time or another she has written for national dailies and magazines including The Sun, Daily Mail, Times, Telegraph, Daily and Sunday Express, Daily Mirror, Woman's Own and Woman & Home. She is currently a regular contributor to the Express and Mirror. Jane provides a range of bespoke consultancy services including content creation, media strategy, writing reports and press materials, crisis communications, media advisory boards and media training.Her book, How to Have a Baby and Still Live in the Real World has been published in the UK, USA, Russia and Sweden. Pregnancy: the Best for You and Your Baby has been published in countries including the Netherlands, France, Spain and the Czech Republic.

More posts by Jane Symons

Join the discussion One Comment

Leave a Reply

Send this to a friend