The documents from RNS Chartered Accountants – which cover six years – show Mr Cameron paid tax of £75,898 ($107,198) on an income of £2,00,307 in the 2014-2015 financial year, the most recent one included.
Advertisement
This includes £44,647 in the form of dividends and rental income of £33,562.
In his statement, Mr Cameron – who published a summary of his tax returns on Sunday – addressed what he said were “deeply hurtful and profoundly untrue” allegations about his late father’s offshore investment fund. The Labour leader paid £18,912 in tax on his MP’s salary and declared £1,850 of other taxable income.
As Parliament returns from an Easter break, opposition leaders plan to challenge Cameron in the House of Commons over past investment in an offshore account set up by his late father.
Like his political father figure Tony Blair, Mr Cameron’s “do as I say not as I do” hypocrisy – which has earned the “Dodgy Dave” and “Shameron” sobriquets – is now proving counter-productive to good governance.
In a bid to regain momentum on the tax issue, Cameron announced Monday that the government would introduce a bill holding employers criminally liable if they permit employees to promote tax-dodging schemes.
The Shadow Chancellor added: “As we now know, when the Chancellor was cutting the top rate of income tax for people like himself, while at the same time saying he wasn’t wealthy enough to benefit, he was also cutting public services and support for some of the most vulnerable in our society”.
He said a number of public sector organisations, including trade unions and the BBC, had similar investment arrangements, describing them as a “standard practice and not created to avoid tax”.
Following a torrid week, during which Cameron found himself and his family under siege after revelations over his father’s offshore trust and his wife’s £53,000 (US$75,000) taxpayer-funded stylist, the embattled PM published some of his financial records on Sunday.
The Prime Minister’s decision to release the information put increasing pressure on Mr Osborne to give details of his own affairs.
Corbyn, meanwhile, said the prime minister still had more to disclose about the period before he entered No 10. “There is clearly further to go and this taskforce will bring together the best of British expertise to deal with any wrongdoing relating to the Panama Papers”, said Cameron. Cameron has apologized for mishandling the issue and promised that his conservative government will increase its efforts to combat tax evasion.
Advertisement
But any hope he might draw a line under the row was short-lived, as local media zeroed in on a gift of 200,000 pounds ($282,500) Cameron received from his mother in 2011.
