UK Parliament home

Open Scrap Payments on Account and increase self-employed personal allowance to £20k

Created by Simon Ward
Closes on

Self-employed create jobs & drive growth, and we think the Payments on Account would be better invested in businesses. If we are late to pay it we pay interest, which we think is unfair! We call on the Government to scrap it and to raise the Personal Allowance to £20k for self-employed.

We believe doing so would cut poverty & stimulate economy. The UK's 4.4m self-employed drive growth & create jobs. Yet, in our view, Payments on Account force us to give Government interest-free loans, tying up capital needed for investment & hiring. Late payments incur interest: unfair! We think scrapping it would unlock funds for economic stimulus. The frozen £12,570 Personal Allowance can hit low-earners hard. We therefore call on the Government to raise it to £20k for self-employed, as we think this would reduce poverty, boost spending & reward entrepreneurship. Britain needs growth: invest into the job creators!

Sign this petition

156 signatures

Show on a map

10,000

Petition progress

View all updates for this petition, with the most recent first.

  • Petition published

    This petition can now be signed.

    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 5 August 2026.