So Vince Cable, the Business Secretary no less, has been fined £500 for not registering for VAT on his freelance income which, according to The Sun, was between £127,000 - £192,000 in 2009 -2010. So, the man known for campaigning against tax evasion has himself now been found to have evaded tax, although Mr Cable's aides have said it was not done intentionally and was reported by his personal accountants as soon as it was found.

When asked by The Sun, Mr Cable’s accountants’ Myrus Smith said, “When it became clear that Mr Cable's earnings had breached the level at which VAT was payable, an offer to settle immediately and in full was made to HMRC and this was duly accepted.”