MANY MPS RISK LOSING SEATS OVER OFF-PAYROLL (IR35)
Zac Goldsmith, Amber Rudd, Justine Greening and Anna Soubry amongst top 20 Tory MPs at risk. Contributor Dave Chaplin, CEO and Founder of ContractorCalculator.
Eighty-five MPs are at serious risk of losing their seats in Parliament at the next, possibly imminent General Election, if they do not back contractors over Government’s controversial plans to extend the Off-Payroll rules into the private sector, according to research conducted by contracting authority ContractorCalculator.
Of the 85 MPs, Zac Goldsmith, Amber Rudd, Justine Greening and Anna Soubry are amongst the top 20 Tory MPs who are vulnerable. The results are based on data from the Office for National Statistics (ONS) and contractor sentiment indicated by a previous ContractorCalculator survey of circa 2,000 contractors which found that 49% would vote against their local MP at the next election if their MP were to support the Off-Payroll rules.
This 49% figure has been applied to the number of expected self-employed voters to ascertain the number of critical votes; a sum which exceeds the majority margin by which 85 MPs claimed their seats in 2017 – in many cases significantly so.
Commenting on the threat to MPs’ seats if they support the private sector roll-out, Dave Chaplin, CEO and founder of ContractorCalculator said: “Failure to secure the self-employed vote would prove catastrophic for all parties involved. There is also potentially a lot to gain for some, but those in precarious positions will have to act swiftly and earnestly to win over contractors’ trust.
“Of the vulnerable MPs, there are 40 Conservative and 24 Labour politicians and the Conservatives appear to have a lot more to lose than Labour. The recent Off-Payroll announcement, and multiple draconian measures before it, won’t have done those vulnerable Tory MPs any favours, as they now face an uphill task if they want to save their seats.
“Although Labour has a lot of vulnerable seats, this is still a massive opportunity to make further ground on the Conservatives, which it often criticises for targeting more vulnerable individuals with its tax collecting measures. For MPs who are prepared to back up Labour’s arguments by opposing the draconian Off-Payroll regime, any potential General Election caused from a collapse in Government from Brexit could prove very fruitful. Self-employment is on the rise and the self-employed vote will prove crucial to either party’s fortunes at the next election. I would suggest that no party ignores the needs of these important voters.”
VAT DOMESTIC REVERSE CHARGE FOR CONSTRUCTION
What is the VAT domestic reverse charge for construction services? The VAT domestic reverse charge for building and construction services, to give it its full title, is a change in how VAT is han ...
NUMBER OF FIRMS REGISTERED AS VISA SPONSORS PEAKS AS EU IMMIGRATION HITS 15-YEAR LOW
The number of UK businesses registered as sponsors for Tier 2 work visas reached a record high in the last three months of 2019, with 28,734 companies on the Home Office register. This is the highest ...
SELF-EMPLOYMENT INCOME SUPPORT SCHEME
What you need to know Who can claim: Self-employed individuals or a member of a partnership (as long as certain eligibility criteria are met, see below). Limited companies and trusts are not e ...
LANDLORDS NEED TO BE PREPARED FOR EVERY POSSIBILITY WITH CGT CHANGES – YOUNG
The age-old question posed by all private sector landlords at any one time is often, ‘what do I do next?’ For most, the answer is staring them in the face, and that continues to hold ...
TIGHTER SELF-EMPLOYED AND AFFORDABILITY RULES HERE ‘FOR SOME TIME’ – HSBC
Tighter self-employed and affordability rules here ‘for some time’ – HSBC Tightened self-employed lending criteria and affordability rules are seen across the mortgage market since ...
SNITCHES GET RICHES: HMRC PAYMENTS TO TAX EVASION WHISTLEBLOWERS UP 63% IN 2019/20
HMRC reported a 63% increase in payments to whistleblowers for reporting tax evasion in the 2019/2020 tax year, paying £473,000 to informants during the period. In the previous tax year HM ...