Corbyn faces questions over tax return

Labour leader Jeremy Corbyn’s tax affairs are under scrutiny after claims were made he may have failed to declare income as opposition leader on his newly-published tax returns

On his website, Corbyn declared his ‘pay from all employments’ as £77,019, mostly from his MP's salary of £74,000, along with a pension and state benefits of £36,045, £1,200 from self-employment and £78 in interest.

He paid income tax of £35,298 for the year 2015-16 on total earnings of £114,342, after becoming Labour leader in September 2015.

However, he should have earned £129,500 as leader of the opposition, made up of the £74,000 basic salary for MPs and a £55,500 top up as opposition leader, for which there is no disclosure.

Last year, Corbyn was criticised after he failed to declare his three pension incomes correctly and sent his return to HMRC late, attracting a £100 fine.

Corbyn has a state pension, union income and a pension from his time in local government with Haringey Council.

Writing on his constituency website he said: ‘I am publishing the detail of my tax return here, on my constituency website. 

‘I have made it clear that I think it is right for party leaders to be open and transparent about their tax arrangements.’

Both the Labour Party and Corbyn’s office have been contacted for comment. 

However, Corbyn insisted in a tweet that his tax affairs are in order and up to date.

He said: 'Transparency invites scrutiny. I welcome it as should all those seeking highest office. My taxes fully paid, nothing missing, nothing hidden.'

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If his payment for Leader of the Opposition is classed as a benefit, he would have paid the correct tax but surely he would have saved on National Insurance?

Actually, he's too old to pay National Insurance