FOR IMMEDIATE RELEASE
The Forum of Private Business welcomes the Chancellor's reconsideration of his plans to increase Class 4 National Insurance announced in the budget on the 8th March.
Ian Cass, Chief Executive of the Forum, commented, "The Forum has long lobbied for a simplified tax system and continues to do so. This does not necessarily mean that the National Insurance paid by the self employed should the same as those paid through PAYE. Self employed business owners do not benefit from the likes of holiday pay and sick pay for instance, and take personal financial risks as they add to the growth of the economy and create jobs. All of these aspects should be considered as the Government reviews the whole tax landscape. We will continue to push for simplicity, transparency and fairness."
About Forum of Private Business
The Forum of Private Business is a not-for-profit comprehensive business support organisation founded in 1977. Our membership is spread throughout the UK and primarily made up of companies that employ between 1-50 employees, helping them to manage employees, saving time, giving advice, support and protection where a business needs it.
We are a recognised leading authority on business issues and represent the interests of business owners on many consultative bodies. We have built a solid reputation, being influential in many areas of policy-making, in changing laws that affect small businesses, and we continue to campaign for the fair treatment of businesses within the UK.
Everything we do is about making sure our members’ businesses operate profitably. This means that every penny we make goes back in to supporting our members, providing the support and resources that will enable businesses to flourish and grow.
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