With George Osbourne's latest daft idea of shares for employment rights I though it a good time to remind MPs how flexible working can actually be achieved and sent this letter - I'd encourage others to send something similar to their MPs:
Dear MP,
George Osbourne recently floated the idea of employees swapping
employment rights for shares in a bid to promote more flexible working.
Is he aware that the UK already has a system which promotes flexible
working - the contractor or freelancer system?
Here, independent contractors have the chance to earn higher incomes by
giving up all their employment rights. Unfortunately, this system is
crippled by the IR35 regulations whereby HMRC cannot tell someone
whether they are liable for income tax but may decide to fine them tens
of thousands at a later date. Worse, when inside IR35 freelancers are
giving up their employment rights for little benefit.
If George Osbourne wishes to encourage flexible working he might best
start by scrapping the IR35 system. I hope you can raise this idea with
the appropriate people.
Yours sincerely,
Dear MP,
George Osbourne recently floated the idea of employees swapping
employment rights for shares in a bid to promote more flexible working.
Is he aware that the UK already has a system which promotes flexible
working - the contractor or freelancer system?
Here, independent contractors have the chance to earn higher incomes by
giving up all their employment rights. Unfortunately, this system is
crippled by the IR35 regulations whereby HMRC cannot tell someone
whether they are liable for income tax but may decide to fine them tens
of thousands at a later date. Worse, when inside IR35 freelancers are
giving up their employment rights for little benefit.
If George Osbourne wishes to encourage flexible working he might best
start by scrapping the IR35 system. I hope you can raise this idea with
the appropriate people.
Yours sincerely,
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