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Sun, 29 November 2020

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Jeremy Corbyn urges Theresa May to publish tax return as he reveals his own £46,000 bill

Jeremy Corbyn urges Theresa May to publish tax return as he reveals his own £46,000 bill
2 min read

Jeremy Corbyn has urged Theresa May to "lead by example" and publish her tax return, as he shed light on his own financial arrangements.

Figures published by Labour show that the Labour leader handed over £46,074.90 to the HMRC for the 2017/18 tax year.

The new data represents the fourth time Mr Corbyn has made his own tax return public, and shows that he earned £132,611 in the 12-month period from his salary as an MP and pensions.

The Labour leader had no outside earnings for the year, although he had to cough up £6,442 to the tax authorities in a single payment after what the party called an "an administrative error".

According to the Mirror, the overpayment was due to Mr Corbyn being on the wrong tax code in a previous year.

Mr Corbyn said: "I believe that if we aim to reform our tax system to be more transparent, then politicians must lead by example. This is why I have published my tax return for the fourth time since becoming leader of the Labour Party.

"In Government, Labour will crack down on the scourge of tax avoidance and evasion and will put full transparency at the heart of our programme."

Labour also published Shadow Chancellor John McDonnell's tax return, which shows that he earned £92,036 in MP pay and pensions last year. He paid £25,533 in income tax.

Theresa May published a summary of her own tax returns during the 2016 Conservative leadership conference, although she has not given further details since then.

The figures for 2014/15 show that the then-Home Secretary paid £40,023 in income tax.

Mr McDonnell said: "I believe it is right that if you aspire to be in charge of the nation’s finances then you should be fully open and transparent about your own income.

"In this spirit I have published my tax return.

"I call on the Prime Minister and Chancellor to follow suit."




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