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  • Kezia Dugdale Tax Returns

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    Scottish Labour Party
    18K Ansichten15 Seiten
    The Panama papers showed that the rich elite are playing by different rules from the rest of us. Following the shocking revelation that the Prime Minister has benefitted from money hidden away in tax havens, it's more important than ever for all political leaders to be transparent about their finances. So today we publish Kezia Dugdale's tax returns and challenge other Scottish party leaders to do the same. These returns show two things: 1. Kez's only income is the salary she receives as an MSP. 2. Kez donates every single penny from her Daily Record column fee to MND Scotland. The money goes direct from the Daily Record to MND Scotland. However, because this is technically classed as income Kez pays tax on this money. So, she personally doesn't receive a single penny for writing the column but pays hundreds of pounds in tax on it anyway. The following link shows Kez's tax returns. Scroll through to the final page for a series of notes explaining what each number means.

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    The Panama papers showed that the rich elite are playing by different rules from the rest of us. Following the shocking revelation that the Prime Minister has benefitted from money hidden away in tax havens, it's more important than ever for all political leaders to be transparent about their finances. So today we publish Kezia Dugdale's tax returns and challenge other Scottish party leaders to do the same. These returns show two things: 1. Kez's only income is the salary she receives as an MSP. 2. Kez donates every single penny from her Daily Record column fee to MND Scotland. The money goes direct from the Daily Record to MND Scotland. However, because this is technically classed as income Kez pays tax on this money. So, she personally doesn't receive a single penny for writing the column but pays hundreds of pounds in tax on it anyway. The following link shows Kez's tax returns. Scroll through to the final page for a series of notes explaining what each number means.

    Copyright:

    © All Rights Reserved
    Als PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    18K Ansichten15 Seiten

    Kezia Dugdale Tax Returns

    Hochgeladen von

    Scottish Labour Party
    The Panama papers showed that the rich elite are playing by different rules from the rest of us. Following the shocking revelation that the Prime Minister has benefitted from money hidden away in tax havens, it's more important than ever for all political leaders to be transparent about their finances. So today we publish Kezia Dugdale's tax returns and challenge other Scottish party leaders to do the same. These returns show two things: 1. Kez's only income is the salary she receives as an MSP. 2. Kez donates every single penny from her Daily Record column fee to MND Scotland. The money goes direct from the Daily Record to MND Scotland. However, because this is technically classed as income Kez pays tax on this money. So, she personally doesn't receive a single penny for writing the column but pays hundreds of pounds in tax on it anyway. The following link shows Kez's tax returns. Scroll through to the final page for a series of notes explaining what each number means.

    Copyright:

    © All Rights Reserved
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    Markieren Sie unangemessene Inhalte
    von 15

    Notes

    Page 1
    52,232 Pay from all employments
    Explanation: The amount to be declared on self assessment tax forms is taxable pay. This is
    less than an MSP's gross salary of 58,678 between 1 April 2014 and 31 March 2015. The
    6,445 is pension contributions which are not taxable.
    4,282 "Plus Benefits and expenses received"
    Explanation: They represent office cost expenses for 2014/15.
    457 "Underpaid tax for earlier years in your tax code for 2014-15"
    Explanation: Paid through PAYE for underpaid tax for 2010/11. This was due to duplication of
    allowances as Kezia Dugdale had changed jobs that year.
    Page 2:
    Amount to be paid to HMRC by 31st January - 734.40
    Explanation: Tax payable on Kezia Dugdale's Daily Record column income.
    Page 6:
    5450 in Gift Aid payments made in the year to 5 April 2015
    Explanation: This is the amount MND Scotland has received in Gift Aid donations through
    Kezia Dugdale's Daily Record column.
    Page 9:
    Unsigned form
    Explanation: The form was submitted online so did not require a physical payment
    Page 10:
    734.40 Total tax
    Explanation: As per page 2 explanation of the same figure.
    Page 10:
    457 Underpaid tax for earlier years included in your tax code for 2014-15
    Explanation: As per page 1 explanation in relation to underpayment for 2010/11
    Page 11:
    52,223 Pay from this employment - the total from your P45 or P60 - before tax was taken off
    Explanation: The amount to be declared on self-assessment tax forms is taxable pay. This is
    less than an MSP's gross salary of 58,678 between 1 April 2014 and 31 March 2015. The
    6,445 is pension contributions which are not taxable.
    Page 11:
    4282 Expenses payments received and balancing charges

    4282 Other expenses and capital allowances


    Explanation: These are two entries in relation to the same sum of money. They represent
    office cost expenses for 2014/15.
    Page 12:
    5450 Your Turnover - the takings, fees, sales or money earned by your business.
    Explanation: This is the fee for Kezia Dugdale's Daily Record column. As noted above, all of
    this fee is donated directly to MND from the Daily Record and Kezia Dugdale does not benefit
    personally.
    Page 12:
    208 Other allowable business expenses
    Explanation: This is the tax free allowance that was claimed for self-employed work from
    home.
    Page 13:
    5242 Net profit
    Explanation: This is the "Your turnover" figure of 5450 minus the "Other allowable business
    expenses" figure of 208.

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