Theresa May's tax return in numbers

Of the remaining contenders in the race to become Prime Minister, Michael Gove was the first to make his finances public. Andrea Leadsom is yet to do so having said she will only disclose hers if she gets down to the final two contenders.

Ms Leadsom’s campaign manager said the energy secretary would publish her tax return “as soon as she gets time away from speaking to colleagues and fighting this campaign”.

Releasing her figures, Ms May said: “It is clearly important for all leadership candidates to be open and transparent about their tax affairs.

“I was very happy to publish mine… and hope others will follow suit.”

May’s tax return in numbers

£112,426

The amount Ms May earned from her salaries as an MP and Home Secretary in 2014/15.

£617

The amount she earned in interest in 2014/15.

£5,419

The amount Ms May earned in dividends in 2014/15.

£117,350

Ms May’s total taxable income.

£40,023

The amount of tax she paid in 2014/15.

£5,033

The amount the home secretary declared in net capital gains in 2014/15.

£685

The amount Ms May declared in charitable donations.

Just a quick question – what is Coutts?

Ms May’s tax return has revealed that she uses the services of Coutts, a private bank founded in 1692 which prides itself on treating its clients with a “personal touch”.

The bank has a reputation for keeping a highly secret but very well-to-do client list. This includes entrepreneurs, people in the sports, entertainment and creative industries, as well as international clients.

The royal family is known to use the bank’s services.

But don’t think you just need a high-flying career to get an account at Coutts.

The bank’s services have been designed to “meet the needs of high net worth individuals” and it prefers its private banking clients, for instance, to have invest-able assets of at least £1 million or an annual income of at least £500,000.