Jeremy Corbyn: He’s smiling, despite paying more in tax than some of us earn in an entire Parliamentary term, because he has put Theresa May in an impossible position [Image: Reuters].

Of course, it’s a no-lose situation for Labour. Either Mrs May publishes her tax return, and Labour takes great joy in analysing it and finding it lacking, or she doesn’t – and Labour says she has something to hide.

It’s becoming a regular part of the political calendar.

And no bad thing – it’s always fun to watch Mrs May squirm.

Labour leader Jeremy Corbyn paid nearly £50,000 in tax in 2016-7, his newly published tax return shows.

He received £136,762 in total earnings, comprising his £78,697 MP’s salary, his £49,191 supplement as opposition leader and income from two pensions.

In total, he paid £48,079.80 in tax.

He has urged Prime Minister Theresa May to follow suit by releasing her own tax return, suggesting party leaders had to be “open and honest” about their arrangements to retain public trust.

Mrs May has said it should be up to individual MPs to decide whether to do so or not.

Source: Corbyn pays nearly £50K in income tax

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