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Contractors' Group responds warmly to Queen's Speech
Posted May 27, 2010
The Professional Contractors Group, has responded positively to the Queen's Speech, which reflected coalition plans for a simpler and fairer tax system.
The Speech, which took place on Tuesday this week, outlined plans to simplify the tax system and make it fairer. The plans have been welcomed by members of the organisation who have had to deal with the complexities of the IR35 rules for the past decade.
Last week, the Group applauded the coalition's pledge to "review" IR35 as part of its small business taxation plans.
The PCG's MD, John Brazier, commented:
"This builds on the Government's announcement to seek a replacement for IR35. By all accounts, the momentum is clearly building to consign this unfair and unclear piece of legislation to the scrapheap. In particular we warmly welcome the Government's stated commitment to establish an 'Office of Tax Simplification'. Once IR35 is placed under the scrutiny of such a body, it will be exposed for the iniquitous and overly complex block on enterprise it really is."
"Britain's 1.4 million freelance workers are ready and willing to help the UK's economic recovery. Any moves to simplify tax and reduce regulatory burdens will help nano-businesses. We will continue to work with Government, and keep the momentum building to abolish IR35 which, after all, has been PCG's core objective since inception."
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