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Jeremy Corbyn's tax return appears to omit leader's salary Labour 'confident' Jeremy Corbyn paid right amount of tax
(about 3 hours later)
Labour leader Jeremy Corbyn has published his tax return as part of a call for transparency from politicians. Labour has said it is "confident" that Jeremy Corbyn has paid the correct amount of tax.
But the return appears to omit around £37,000 he was entitled to as leader of the opposition. The party's leader published his tax return as part of a call for transparency from politicians.
The figures showed that Mr Corbyn earned a total of £114,342 in salary and pension payments. The return appeared to show his MP salary, plus pension payments, but not the money he is entitled to as leader of the opposition.
The publication came as Chancellor Phillip Hammond declined a challenge to publish his own taxes, calling it "demonstration politics". However, the party said the allowance of £27,192 was included in the tax return and was taxed at source.
'Public trust' 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.
The return details Mr Corbyn's earnings of £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.
"I have made it clear that I think it is right for party leaders to be open and transparent about their tax affairs," said Mr Corbyn. 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.
A Labour source said they were unable to provide any details about why Mr Corbyn's leader's salary was missing from the return. But later a Labour spokesman said it was "untrue" that the leadership payment had been omitted.
The source said: "The published return was prepared by a firm of accountants who were supplied with the relevant information. We will deal with any queries on the detail on Monday." They said it was included in the full return under the heading of "public office".
The source was adamant that Mr Corbyn paid his tax at source. "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.
They also confirmed Mr Corbyn had taken the leader's salary as well as his MP's salary. "We welcome media and public scrutiny of the Labour leader's tax return. This is a matter of policy, not political point scoring.
Shadow Chancellor John McDonnell published his tax return earlier this year, and on Thursday pledged to introduce legislation to publish the tax returns of anyone earning over £1m to "restore public trust". "We believe in transparency. Those who seek the highest office, along with the very wealthy and powerful, should publish their tax returns."
However, Mr Hammond rejected calls for politicians to publish their taxes. 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."