Home Login E-newsletter About us Subscribe

Homeward bound?

29 July 2009 / Samantha Morgan , Philip Munro
Issue: 7374 / Categories: Opinion , Tax

Samantha Morgan & Philip Munro lift the lid on MPs’ taxes & expenses

The spotlight of media scrutiny has been closely applied to MPs and their expenses claims during recent weeks, following the disclosure of parliamentary expenses records to the Daily Telegraph. The political fallout from the publication of these records has been significant, leading to the suspension of MPs by their parties, announcements that some MPs will stand down at the next general election and to some MPs repaying amounts claimed. One effect of this media reporting has been to bring the tax position of MPs into focus both in respect of the income tax treatment of their expenses and the capital gains tax (CGT) position of their homes.

Before considering the tax position of MPs, it is worth noting that the tax returns of MPs are dealt with by a special HM Revenue & Customs (HMRC) unit based in Cardiff known as “Public Departments 1”. MPs are considered by HMRC to be likely to have complicated tax affairs and the HMRC guidance issued to them indicates that they would all be exp

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content
Firm appoints new senior intellectual property lawyer
Lewisham Council appoints new director of law
First-ever legal executive appointed chair of national family justice body
Family lawyer and NLJ columnist David Burrows works his way through a maze of legal aid provisions and considers the frequently misunderstood rule of contempt of court, in this week’s NLJ
Professor Chris Bones, chair of CILEx, makes the case for reforming professional regulation, in this week’s NLJ
The easing of lockdown restrictions could unleash a wave of property-related litigation, Phil Sissons, of Falcon Court, writes in this week’s NLJ
It’s time for structural change to resolve bullying and harassment in the legal profession, consulting barrister Kevin Charles, of Crossland Employment Solicitors, writes in this week’s NLJ
Draft sentencing guidelines for selling or possessing counterfeit goods intended for sale have been published by the Sentencing Council