Speaker's Committee for the Independent Parliamentary Standards Authority
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22 Jan 2025HMRC advice on winding-up payment tax came too lateConcern
“[Speaker: Charlotte Nichols] HMRC confirmed that tax is due on winding-up payments. That meant a total cost of £6 million more than was estimated has been sought by IPSA. Did IPSA seek professional advice on whether the payments would be taxed when preparing the budget for the general election? What led to the decision to exclude these taxes from the budget ?”