The Prime Minister yesterday finally came clean about his own tax affairs, admitting that he had profited from an offshore trust set up by his late father.
But Political Scrapbook has also found that Cameron did not declare the income he received from selling those shares, potentially misleading the House of Commons.
We went through Cameron’s Register of Members’ Interests and found no entry for Blairmore Holdings.
We also found no entry for income earned from selling shares listed, in all of 2010.
Update: Some have argued that MPs are only required to declare holdings above £
The ‘requirements for Regstrations‘ also states (Category 8):
a) Any relevant financial interest or material benefit which does not clearly fall into one of the other categories, including any shareholding which falls below the relevant threshold, or any other financial asset, including an asset held in trust, if the Member nevertheless considers that it meets the test of relevance; in other words, that it might reasonably be thought by others to influence his or her actions or words as a Member; and
b) Any other interest, if the Member considers that it might reasonably be thought by others to influence his or her actions or words as a Member in the same way as a financial interest. This might include an unpaid employment or directorship, or directorship of a company not currently trading, non-practising membership of a profession, or a fund established to defray legal costs arising out of the Member’s work, but from which no benefit has yet been received.