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Yesterday’s Emergency Budget delivered several important announcements that will affect self-employed workers in the UK. The Government states that it stands up for the flexible workforce and supports hardworking British people. However, it is disappointing to see that these steps are increasing the tax burden for contractors.
Today, George Osborne has delivered his post-election Budget; it is the first by a totally Conservative party since 1996. The Chancellor has outlined the Government’s long term fiscal plans, ambition for a budget surplus and additional important factors that could affect you as a contractor and your take home pay.
John Payne, Partner at Churchill Knight & Associates Ltd, has viewed the recent General Election results as great news for both contractors and recruiters.