Did anyone else spot Budget Notice 61
("Greater London Authority Severance Pay")? This provides an exemption from tax for payments made to GLA officials under their severance pay scheme, and it specifically mentions the Mayor of London as one of those included in the exemption. Looks like they have little confidence in your chances in the coming election, Ken!

This tip was first printed in Tax Insider in March 2008.

Tax Insider Lite

FREE tax strategies delivered to your inbox every month.