More than 40 Ministers Broke Tax Laws
Tonight the Daily Telegraph has sensational news that more than 40 Government Ministers, including nine Cabinet Ministers, have acted contrary to specific advice from HMRC in offsetting the cost of accountancy advice against their tax liabilities. HMRC has issued a statement to the Telegraph contradicting what some Ministers have been stating that they were exempt from normal tax rules.
Dozens of Ministers now face an investigation into their tax affairs. In case anyone seeks to suggest that I somehow being biased, the Telegraph confirms that it believes that senior Conservatives are not believed to have offset their accountancy costs in this way. It seems to be a peculiarly Labour scam.
If this story stands up (and I have no reason to believe that it won’t) it looks VERY bad for Labour. Working within lax expenses rules is one thing but to be seen to be fiddling your tax returns at the heart of Government is appalling. It is highly unusual for HMRC to issue such a public statement, especially when it is considered that it answers to the Chancellor of the Exchequer. Each Minister will now be under pressure to pay back the tax they saved by this apparently illegal offset.