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FCSA RESPONDS TO ED BALLS' COMMENTS ON UMBRELLA COMPANIES

FCSA RESPONDS TO ED BALLS' COMMENTS ON UMBRELLA COMPANIES

Responding to the Shadow Chancellor, Ed Balls' article in PoliticsHome on raising more revenue from clamping down on umbrella companies, Stuart Davis has commented:

'Whilst we agree with Ed Balls that there are umbrella companies who are acting outside of the law, the vast majority of professional employment based umbrella companies provide a valuable employment status to their clients who as contractors and freelancers make up the backbone of the UK economy.

More does need to be done to clamp down on tax avoidance but this is not a new problem. We set up the Freelancer and Contractor Services Association (FCSA) soon after Ed Balls' time as a Treasury Minister partly because we did not think the government of the time was doing enough. We wanted to demonstrate that service companies can operate to the highest compliance standards which we do through our Code of Conduct. We therefore believe that politicians should not tar all umbrella companies with the same brush and not assume a 'one size fits all' approach.

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