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, providing a range of services including advice on media messages, writing reports and media materials, media training and crisis communications.  Her client base spans all aspects of health and medicine and includes PR agencies, charities and companies producing pharmaceutical medicines, medical devices, over-the-counter health products and food and nutrition.  Unlike many journalists who have moved over to communications consultancy, she continues to be a regular contributor to national newspapers and websites including the Express, Mail and Mirror.Jane edited the health pages of The Sun for five years and was chief sub editor of the Telegraph Magazine for three.  She had contributed to newspapers and magazines including The Times, Telegraph, Sunday Express, Woman's Own and Good Housekeeping.  She has written a number of pregnancy books including How to Have a Baby And Still Live in the Real World, which has been published in the UK, USA, Sweden and Russia.

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