HM Revenue and Customs will investigate whether MPs have deliberately evaded
capital gains tax when selling their second homes, the Guardian has reported.
The news comes after a series of leaks about the way MPs have used Commons’
allowances for personal gain.
Home secretary Jacqui Smith registered the house she shared with her sister
in south London as her primary residence, which meant she could claim the
parliamentary allowance of up to £24,000 for her family home in Redditch.
Her actions were criticised in an article in the Observer by former chairman
of the committee on standards in public life, Alistair Graham. A spokesman for
Smith said she would be seeking legal advice following his comments.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said