PracticePeople In PracticeIR35 ‘foolish’, says shadow IT minister

IR35 'foolish', says shadow IT minister

Shadow technology minister Alan Duncan MP sets out the Conservative policy towards the computing and IT industries.

Across the world the IT and communications revolution is affecting almost every area of daily business life, and increasingly our daily personal life too. It is bringing new opportunities for international trade and prosperity, and for the way citizens interact with governments.

But politicians cannot take the credit for ecommerce: we did not invent the internet; we don’t make the jobs or take the risks. So a government’s approach must be about allowing ecommerce to flourish. That will require us to be ruthless about regulation, to roll back damaging taxes, and foster the development of a skilled workforce.

IR35 is one of the worst examples of a failure to understand how the new economy operates. Labour was foolish to embark on this change, which has led to confusion, ill will and damage to the new economy. The next Conservative government will repeal this unfair tax and replace it with targeted measures to address abuses.

On taking office, we will review the operation of the Regulation of Investigatory Powers Act. We support the aim of this legislation, but are concerned about the financial cost to business of compliance, and the impact it may have on business confidence.

Britain needs to increase the number of talented executives working for new ventures and promoting commercially viable new business plans. Therefore, we will improve the tax regimes for entrepreneurs and employees using Employee Share Option Schemes.

It is not just private businesses that are hamstrung by too much government control. The new international economy will be a knowledge-based economy. That means getting the fundamentals of skills and education right as well.

Across the world, governments need to free up schools and universities to give them the flexibility to adapt to industry’s changing needs. By endowing our universities we will allow them to attract the best students and teachers, and build new centres of excellence in research and technological advance.

Our approach will be to remove barriers to growth and offer targeted incentives which will encourage the growth of an industrial sector which depends on free market flexibility, minimum regulation and an absence of clumsy government initiatives.

  • This article first appeared in Computing and on vnunet.com.

Related Articles

Is inefficiency stealing your time and money?

Accounting Firms Is inefficiency stealing your time and money?

6m Emma Smith, Managing Editor
CIMA elects new president

Institutes CIMA elects new president

6m Emma Smith, Managing Editor
Transparent currency trade: How to achieve costs visibility

Governance Transparent currency trade: How to achieve costs visibility

6m Emma Smith, Managing Editor
Introduction to KPMG UK’s new leadership team

Accounting Firms Introduction to KPMG UK’s new leadership team

6m Emma Smith, Managing Editor
EY appoints head of UK Infrastructure Asset Intelligence practice

Accounting Firms EY appoints head of UK Infrastructure Asset Intelligence practice

8m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
MHA MacIntyre Hudson advises on management buy-out

Accounting Firms MHA MacIntyre Hudson advises on management buy-out

10m Emma Smith, Managing Editor