MPs, their expenses and tax by Rebecca Benneyworth

As the drama regarding MP expenses continues to unfold, with the threat of potential criminal prosecution now hanging in the air, a number of AccountingWEB.co.uk members have been struggling to understand the tax position of MPs with regard to both their expense payments and their CGT private residence exemption.

The lay press carried stories over the weekend indicating that HMRC were in part to blame for failure to properly scrutinise the tax position of MPs, but last week it seemed clear that the authority had relied on the