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IPA Budget

Budget: IPA says increase in National Insurance remains a ‘tax on jobs’

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By The Drum Team, Editorial

March 23, 2011 | 2 min read

The IPA’s finance director has said that the increase in National Insurance remains a tax on jobs.

The Institute of Practitioners in Advertising’s Alex Hunter (pictured) was commenting on what the budget announcement could mean for advertising professionals and members of the IPA when he said that, while the reduction in corporation tax rate helps, “there is still the previously announced increase in National Insurance which remains a 'tax on jobs'.”

“The increase in funding work experience places does precious little to ameliorate this,” he continued.

Hunter said however that ad agencies, being “people-based businesses with a high proportion of young staff”, would welcome “the easing of the personal tax burden at the junior end”; adding that, given the propensity of freelancers in the industry, “the announcement that the administration of IR35 is administered is welcome”.

“Otherwise my only concern is the emphasis on tightening 'anti-avoidance' will prove a Trojan horse for selective reinterpretation of accepted rules to the detriment of the 'fairness' that this Budget seeks to attain,” he added.

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