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Time to limit the hysteria about limited companies

Time to limit the hysteria about limited companies

Government, civil servants and the media should avoid hysteria being introduced into the debate surrounding the role of limited companies in the UK economy. That is the robust view of PCG, the biggest organisation representing the UK’s freelance community.

Chris Bryce, Chairman of PCG which represents contractors, freelancers, interims and consultants, said:

“The Government is right to look closely at how public servants are being remunerated and where there is disguised employment or tax evasion it should be stopped and fully investigated by HMRC. However, it is fundamentally inaccurate to brand all one-person limited companies as employees attempting to avoid tax. The Prime Minister himself has praised freelance workers and said they make a valuable contribution to the nation’s economy.”

“We must ensure we do not create an orchestrated witch-hunt against the nation’s smallest businesses that will damage public and private sector growth in the UK.”

“One-person businesses are a legitimate model and the labour market flexibility they provide is vital to the economic recovery of this country. Unemployment is higher than it has been for 16 years, whereas freelancing has grown by 13% in the last three years. We should ensure those rushing to attack limited companies don’t trample the only green shoots of recovery we have seen for quite a time - freelancers.”

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