Under-fire PM Here is what I’ve paid in tax
David Cameron last night released his personal finance records revealing he had a taxable income of more than £200,000 in 2014-15.
The figures reveal that on top of his £142,500 salary as Prime Minister, he earned £46,899 from his 50 per cent share of the rental income on the Camerons’ family home in London, received £9834 in taxable expenses from the Tory party and £3052 in interest on savings in a high-street bank.
He paid almost £76,000 in tax in the last financial year.
The release of his tax details comes as the rattled Prime Minister tries to calm criticism of his shares in his dad Ian’s off-shore fund.
The PM was forced to admit on Thursday that he and his wife Samantha made a £19,000 profit in 2010 from shares in the Blairmore offshore trust.
Thousands of protesters marched on Downing Street yesterday demanding his resignation over the revelations.
Meanwhile, Cameron announced a £10million taskforce to investigate allegations of tax dodging and money laundering linked to the Panama Papers.
He said: “The UK has been at the forefront of international action to tackle the global scourge of aggressive tax avoidance and evasion.
“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.”
Opposition politicians said the probe should start with his own offshore dealings.
A SNP spokesman said: “This exercise must not be allowed to distract or deflect attention from the full and proper scrutiny of the Prime Minister’s own tax and financial affairs.”
Scottish Labour’s Jackie Baillie said: “If this is a serious review, it should start by looking at David Cameron’s own affairs.”