Top Tweets for #IFSTax
There are now many more sole traders with very low profits, while the proportion with profits above £40,000 halved (from 8% to 4%) in the between 03/04 and 15/16 #IFSTax https://t.co/ui23N9yFMm

The fall in mean profits after 2007–08 was driven by those who remain in self-employment, not by the newly self-employed (entrants) #IFSTax https://t.co/ui23N9yFMm

Our new research using HMRC tax records shows substantial falls in the profits of self-employed sole-traders following the recession #IFSTax https://t.co/ui23N9yFMm

Only 45% of owner-managers and 25% of sole traders invest in plant and machinery, down significantly from 70% & 60% respectively before financial crisis #IFSTax https://t.co/ui23N9yFMm

Mean profits of self-employed sole traders fell by 21% in 4 years following the recession; mean owner-manager profits fell by 18%. These are large relative to the equivalent fall for employees (6%) #IFSTax https://t.co/ui23N9yFMm

New IFS research using HMRC tax records shows 7-fold increase in company owner-managers and 25% increase in self-employed sole traders since 2007–08. Read more here: https://t.co/ui23N9yFMm #IFSTax

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