Jeremy Corbyn overstated income on his tax return

Posted On: 
12th April 2016

Jeremy Corbyn overstated his earnings in his tax return last year, PoliticsHome can reveal.

Figures published in his House of Commons register of interests suggest he earned £270 less than he claimed in 2014/15 - meaning he could be in line for a refund from the taxman.

The apparent mix-up follows yesterday's revelation that he was fined £100 by Her Majesty's Revenue and Customs  for filing his return nearly a week late.

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The Labour leader also took six days from announcing he would be publishing it to finally track down a copy.

It was reported this morning that Mr Corbyn had not declared £450 of income from lectures he gave between April 2014 and April 2015.

But analysis of his tax return and his register of interests by this website suggests he actually earned less than he declared.

Mr Corbyn’s return, published yesterday, says that he earned £1,850 on top of his MP’s salary. This was made up of £1,350 from lectures and £500 for taking part in surveys.

However, according to the register - which is published on the Commons website - Mr Corbyn only earned £1,200 from lectures over that period.

The £1,350 figure entered on his tax return appears to refer to money he earned giving lectures at the Foreign Office.

However, £750 of that total was for work done after April 2015, meaning it would not fall under his taxable income the 2014-15.

That means his taxable income from the FCO lectures was only £600.

He earned the same amount for a series of ‘Working with Parliament' lectures’ during the same period, meaning his total lecture income came to £1,200, rather than £1,350.  

The Labour leader also appears to have overstated the amount of money he brought in from the surveys, which he notes as £500 on his return.

But the total survey income in the register appears to only be £380, meaning Mr Corbyn has overstated his income from this source to the tune of £120. 

In total, that means his tax return inflated his actual earnings for 2014/15 by £270.

OUTSIDE INCOME

It also appears Mr Corbyn may have breached Commons rules on declaring outside income. 

His entry in the 2013-14 Register lists payments of £150 for lecture work in January, February and March 2014. These were only registered in May of the same year, outside the 28-day limit stipulated by Commons authorities.

Tory MP Geoffrey Cox fell foul of the same rules on a larger scale last year when the Standards Commissioner rebuked him for not declaring payment for legal work on time. 

Mr Corbyn's spokesman was not available for comment.