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November Budget cancelled, amid concerns
by Susie Hughes at 12:38 28/10/19 (News on Business)
The Government has confirmed that it has cancelled its November Budget, amid concerns from the freelancing sector that this could lead to rushed legislation on the controversial 'off-payroll rules'.
Trade body, the Freelancer & Contractor Services Association (FCSA), is particularly concerned that this could impact on proposals to regulate the umbrella sector

Julia Kermode from the FCSA said: “It was always going to be an ambitious move by the Chancellor to hold a Budget on November 6, so close to the Brexit deadline, so it is no surprise that it has now been cancelled.

"It now seems likely that there will be a Spring Budget as the Government has to have a Finance Bill in order to collect tax. With the off-payroll legislation already drafted it is likely that it will be included in the next Budget and could be rushed through without proper scrutiny.

"This is concerning as I would like to remind the Government that it is important to also legislate for umbrella firms to be regulated from April 2020 in order to deal with those firms purporting to be umbrellas when they are, in fact, tax avoidance schemes.

“We saw an exponential increase in such schemes as a direct consequence of the 2017 reforms in the public sector, so it is essential that the Government deals with this known unintended consequence.

"We know that contractors will be aggressively targeted by the schemes which put them at very significant personal financial risk, and ultimately facing very large tax bills.

"The Government made a commitment to regulate umbrellas from April 2020 as part of the Good Work Plan and FCSA will continue to press policymakers and remind them just how important it is to introduce regulatory legislation around umbrella firms.

"Only then can we make significant steps to outlawing unethical tax schemes that are having such a damaging impact on contractors and our industry name overall.”

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Susie Hughes © Shout99 2019

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