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MP's exempt from taxes that we have to pay.

Campagne swilling socialist New Labour MP's laughing all the way to the bank....MPs are unique among British taxpayers in being able to buy and furnish a second home without being hit by a tax bill – thanks to a special law passed by...MPs.

The measure, which saves them thousands of pounds a year, is enforced by a special HM Revenue and Customs office in Cardiff.

Normal employees who are provided with a second home by their company have to declare it as part of their income.

But Section 292 of the Income Tax (Earnings and Pensions) Act 2003 declares that ‘no liability to income tax arises in respect of an overnight expenses allowance paid to a Member of the House of Commons in accordance with a resolution of that House’.

The privilege, which dates from the Seventies, means that MPs can claim up to £24,006 a year for their second homes under the Commons’ Additional Costs Allowance (ACA) without paying a penny in tax.

For Home Secretary Jacqui Smith, who is at the centre of the storm over expenses, it means that she has avoided tax payable every year for ‘benefits in kind’ of £44 on the £550 kitchen sink she installed, 7p on the 88p bath plug and 80p on the £10 worth of pay-per-view adult movies which her husband Richard Timney ordered and billed to the taxpayer.

Don't expect them to do anything to amend that, after all its all about serving the gravy train and making as much cash as the New Labour pigs can.

2 people have spoken:

Cheeky Boy said...

I bet her sister never declared anything either...My MP(Michael Foster,Hastings)claimed in the local rag last week, that he was well worth 200grand a year!Funny that.

Fidothedog said...

I hate them, utter scum. Even exempt themselves from the taxes that we all have to pay.