Commentary on Sections Section 2 – Exempt expenses
7.Paragraph 2 of the schedule to the Interests Act makes provision for registering remuneration and in particular provides at paragraph 2(3) that remuneration which consists solely of expenses does not require to be registered unless it is above a specified limit in value. The specified limit, defined in paragraph 2(5) is currently 1% of a member’s salary (rounded down to the nearest £10) at the start of the current parliamentary session.
8.Section 2 of the Act reduces the specified limit for registering remuneration received solely as expenses to 0.5% of a member’s salary (rounded down to the nearest £10) at the start of the current parliamentary session.