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Labour 'confident' Jeremy Corbyn paid right amount of tax | |
(about 3 hours later) | |
Labour has said it is "confident" that Jeremy Corbyn has paid the correct amount of tax. | |
The party's leader published his tax return as part of a call for transparency from politicians. | |
The return appeared to show his MP salary, plus pension payments, but not the money he is entitled to as leader of the opposition. | |
However, the party said the allowance of £27,192 was included in the tax return and was taxed at source. | |
The return records Mr Corbyn's "pay from all employments" as £77,019 - mostly from his MP's salary of £74,000 - along with a pension of £36,045, £1,200 from self-employment and £78 in interest. | |
He paid income tax of £35,298 for the year 2015-16, after becoming Labour leader in September 2015. | He paid income tax of £35,298 for the year 2015-16, after becoming Labour leader in September 2015. |
A Labour source was initially unable to say why Mr Corbyn's leader's salary was missing from the return, which was prepared by accountants. | |
But later a Labour spokesman said it was "untrue" that the leadership payment had been omitted. | |
They said it was included in the full return under the heading of "public office". | |
"We are confident the total income of £114,342 in the tax return is correct, as is the income tax charge of £35,298. Nearly all the tax was paid at source. | |
"We welcome media and public scrutiny of the Labour leader's tax return. This is a matter of policy, not political point scoring. | |
"We believe in transparency. Those who seek the highest office, along with the very wealthy and powerful, should publish their tax returns." | |
The publication came after Chancellor Phillip Hammond declined a challenge to publish his own taxes, calling it "demonstration politics". | |
Speaking to The BBC's Andrew Marr Show, he said: "I have no intention of doing so. Just for the record my tax affairs are all perfectly regular and up to date. | Speaking to The BBC's Andrew Marr Show, he said: "I have no intention of doing so. Just for the record my tax affairs are all perfectly regular and up to date. |
"But I think this demonstration politics isn't helping the atmosphere in British politics." | "But I think this demonstration politics isn't helping the atmosphere in British politics." |