Jeremy Corbyn: ‘Nothing missing, nothing hidden’ in tax affairs

The Labour leader has said there is "nothing missing, nothing hidden" in his tax affairs following claims he failed to declare £40,000 of his income.

Jeremy Corbyn has said his taxes had been "fully paid" after he released details of his earnings on his website, leading to suggestions he had failed to declare a top-up salary for being leader of the party.

Details released on Mr Corbyn’s website said he earned £114,342 in 2015/16, on which he paid £35,298 in tax.

Mr Corbyn’s tax return showed he earned £77,019 from all employments, £36,045 from UK pensions and state benefits, £1,200 profit from self employment, and £78 in interest from UK bank and building societies during the period.

Mr Corbyn, who released the information after Chancellor Philip Hammon refused to publish his tax returns, is entitled to an extra £39,272 a year as leader of the opposition on top of the basic £74,962 salary for MPs.

However, that figure did not appear to be included on the website document, sparking questions.

Mr Corbyn tweeted: "Transparency invites scrutiny. I welcome it as should all those seeking highest office.

"My taxes fully paid, nothing missing, nothing hidden."

A Labour spokesman said Mr Corbyn had received an extra payment of £27,192 after becoming leader and this had been recorded on the tax return under the heading "public office".

He said: "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."

Labour said it welcomed media and public scrutiny of the Labour leader’s tax return "as a matter of policy, not political point scoring".

(c) Sky News 2017: Jeremy Corbyn: ‘Nothing missing, nothing hidden’ in tax affairs