Freelancer & Contractor Services Association gives cautious welcome
Freelancer & Contractor Services Association gives cautious welcome to the Office for Tax Simplification
The Freelancer & Contractor Services Association (FCSA) has given a cautious welcome to the Chancellor's announcement on the setting up of the Office of Tax Simplification. The FCSA has long argued that the tax system needs to be simplified, particularly for freelancers and contractors, and made that point in a meeting with the Exchequer Secretary, David Gauke, MP earlier this year.
The FCSA does however have a concern about the Government's announcement on removing tax reliefs. At the moment freelancers and contractors receive a number of tax reliefs (for instance on travel expenses and subsistence) to reflect the risks of the flexible workforce. Any moves by the Government to undermine the flexible workforce market, which UK plc is relying on more and more in these difficult times, will backfire on the UK economy.
Stuart Davis, Chairman of the FCSA, comments: The FCSA hopes that the OTS is not just government window dressing or an excuse to remove important tax reliefs, but is independent of Treasury and will have real teeth in simplifying tax for the different labour markets in the UK.'