Post by nickd on Feb 27, 2011 15:04:28 GMT 1
It comes as no surprise to see the following clause in the 2010 Finance Bill concerning MP's expenses (my emphasis)
EXPLANATORY NOTE
CLAUSE 7 SCHEDULE 4: EXPENSES PAID TO MPS ETC
SUMMARY
1. Clause 7 introduces Schedule 4. This Schedule provides for the exemption from income tax of certain expenses paid or reimbursed to MPs following the introduction, by the Independent Parliamentary Standards Authority (IPSA), of a new scheme for paying the expenses of Members of Parliament (MPs). This will broadly have the effect of maintaining the tax treatment that applied to similar expenses paid under the previous arrangements for reimbursing MPs’ expenses.
So there'll be no change then - how very predictable - 'We're all in it together they say, hollow words if ever there were.
EXPLANATORY NOTE
CLAUSE 7 SCHEDULE 4: EXPENSES PAID TO MPS ETC
SUMMARY
1. Clause 7 introduces Schedule 4. This Schedule provides for the exemption from income tax of certain expenses paid or reimbursed to MPs following the introduction, by the Independent Parliamentary Standards Authority (IPSA), of a new scheme for paying the expenses of Members of Parliament (MPs). This will broadly have the effect of maintaining the tax treatment that applied to similar expenses paid under the previous arrangements for reimbursing MPs’ expenses.
So there'll be no change then - how very predictable - 'We're all in it together they say, hollow words if ever there were.