Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 26 May 2020 to Question 52599, what (a) total and (b) median dividend income was reported by directors who reported total income of (a) less than £10,000, (b) £10,000-20,000, (c) £20,000-30,000, (d) £30,000-40,000 and (e) £40,000-50,000 in the last 12 month period for which figures are available.
Individuals can report that they are a director, and whether this directorship is of a Close Company, to HMRC on their Self-Assessment return.
The estimates are based on HMRC administrative data for the 2018/19 tax year. The data will not account for some late filing, those who have chosen not to report this information on the form, nor those who do not need to complete Self-Assessment returns.
Estimates of the number of directors of close companies and their income is set out in the table below. These numbers are rounded to the nearest 10,000 for individuals and the nearest £10 million for total dividends.
Total Income Reported |
|
|
|
Less than £10k | 100,000 | £50m | £0 |
£10-20k | 220,000 | £1.07bn | £2,000 |
£20-30k | 180,000 | £2.55bn | £10,750 |
£30-40k | 160,000 | £3.78bn | £20,000 |
£40-50k | 220,000 | £8.01bn | £31,000 |