So with a new change of government, we see a whole group of new government ministers and welcome many new MPs to the house of commons.
Consequently, HMRC has prepared a guide to give advice for these new (and any prior) MPs and Ministers about their personal tax and National Insurance contributions (NICs).
A new updated version of Self Assessment: tax and National Insurance contributions guide for MPs and ministers (SA102MPM1) was published on Monday 8th July 2024.
It provides details on:
- Contact details for tax enquiries
- Self Assessment
- Taxable benefits from your office
- Employer responsibilities (as MP will form their own office with staff)
- Capital Gains Tax on residencies
- Deferment of Class 1 NICs on multiple employments
- Digital updates and briefings
| Self Assessment for MPs and ministers (SA102MPM1) – GOV.UK (www.gov.uk) |
| Self Assessment: Parliament (SA102MP) – GOV.UK (www.gov.uk) |
Re-elected MP and those who either did not stand again or were not re-elected can report their details for the 2023/2024 using supplementary pages SA102MP to record employment income on their SA100 Tax Return if they have been a Member of Parliament (MP) or a government minister.
PAYadvice.UK 8/7/2024