Tory Prime Minister Rishi Sunak paid over £400,000 in UK tax last year

dailyrecord.co.uk:

Prime Minister Rishi Sunak paid more than £400,000 in UK tax last year.Sunak published his long-awaited personal UK tax returns covering the past four years on Wednesday afternoon.It showed he paid £432,493 in tax in the 2021/22 financial year.

Some three quarters of it was on capital gains tax.It also showed that the Tory Prime Minister paid £393,217 in 2020/2021 and £227,350 in 2019/20.Sunak’s income from dividends was £172,415 and from capital gains was £1.6 million in 2021/22.His US tax returns were not included.Sunak promised to release his tax returns in the Tory leadership race last summer.No 10 Downing Street published “a summary” of Sunak’s UK taxable income, capital gains and tax paid as reported to HMRC.Critics questioned the timing of the release as it came on a very busy news day in Westminster.It coincided with the grilling of Sunak’s predecessor Boris Johnson by MPs over whether he misled the House of Commons with his denials about partygate.It was also on the same day as the Commons voted on Sunak’s new deal on post-Brexit trading arrangements for Northern Ireland.Labour deputy leader Angela Rayner tweeted: “Wonder why he’s chosen today?”The multi-millionaire Prime Minister first pledged to publish his tax returns last summer in an attempt to put transparency at the heart of his bid.He repeatedly promised to do so in recent months and faced continued pressure to release the documents when it emerged Tory former minister Nadhim Zahawi settled an estimated £4.7 million bill with HMRC while he was chancellor.Sunak’s family finances previously faced scrutiny while he was chancellor when the “non-dom” status of his wife Akshata Murty was revealed.The arrangement reportedly saved her millions while the cost of