Home   Tonbridge   News   Article

Tonbridge and Malling MP Tom Tugendhat attacks self-employed tax rise

By Paul Francis

The government has been urged to reconsider plans to increase taxes on the self-employed by the Kent MP Tom Tugendhat.

Chancellor Philip Hammond is facing claims the government has broken a manifesto pledge not to increase National Insurance contributions for the self-employed.

The measure, announced in the budget, has drawn criticism from several backbench Conservative MPs.

Tonbridge and Malling MP Tom Tugendhat

Tonbridge and Malling MP Tom Tugendhat

Mr Tugendhat, who represents Tonbridge and Malling, said: “I urge a rethink. We should be encouraging the self-employed, start-ups and people who are taking risks and carrying those risks themselves.

“We should recognise that through support, yes, but we should do so particularly through taxation.”

Mr Hammond has strongly defended the measure, saying that it is an issue of fairness.

The rise - set to add £240 a year to the payments of some 2.5 million self-employed people - has overshadowed the budget’s other key announcements, notably on social care and free schools.

Independent finance experts have backed the move, with the Institute for Fiscal Studies (IFS) saying the tax system needed reform and the measure was a step in the right direction.

Jo James, chief executive of Kent Invicta Chamber of Commerce, said: “Many entrepreneurs and sole traders will be disappointed to see significant rises to their national insurance bills over the coming years.

“Ministers need to ensure that these business people, who make a significant contribution to the economy, also get the recognition and benefits that correspond to their contribution.”

Join the debate...
Comments |

Don't have an account? Please Register first!

The KM Group does not moderate comments. Please click here for our house rules.

People who post abusive comments about other users or those featured in articles will be banned.

Thank you. Your comment has been received and will appear on the site shortly.


Terms of Comments
We do not actively moderate, monitor or edit contributions to the reader comments but we may intervene and take such action as we think necessary, please click here for our house rules. If you have any concerns over the contents on our site, please either register those concerns using the report abuse button, contact us here, email multimediadesk@thekmgroup.co.uk or call 01634 227989.

Close This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.Learn More