£40,000 ‘Missing’ From Corbyn’s Tax Return

It’s Budget week so Jeremy Corbyn has published a summary of his tax return to put pressure on Theresa May and Philip Hammond. What could go wrong? Well, it appears £40,000 in earnings from his role as Leader of the Opposition are missing from his 2015/16 declaration. Corbyn declared £114,342 in earnings from his MP’s salary, outside earnings and pension. Yet the £40,000 he should have earned as Labour leader during the financial year does not appear on his return. It is an offence not to declare income correctly. Remember he messed up last year’s tax return too and had to pay a £100 fine. Corbyn also published his National Insurance number and his Unique Taxpayer Reference, which Guido is choosing not to reproduce. Shotgun loaded, aimed and fired straight into his own foot…

UPDATE: Statement from Team Corbyn:

“Claims in some media that Jeremy Corbyn failed to declare £40,000 of income to the taxman are untrue. The extra payment following Jeremy’s election as Labour leader of £27,192 is recorded in the tax 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.”
Corbyn says that for some reason he included the £27,192 LOTO salary in the “pensions and state benefits” section, hence the confusion – it took his team about four hours to work it out themselves and inform the media. They will only say they are “confident” the tax return and amount of tax paid are correct…



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Quote of the Day

Alan Sugar on Jeremy Corbyn:

“It’s clear you alluded to students refunds to get votes from young impressionable people. You are a cheat and should resign.”

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