Directors: Pay

(asked on 17th June 2020) - View Source

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.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 23rd June 2020

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

  • 60890
Number of Close Company Directors

  • 60891
Total dividend income of directors

  • 60891
Median dividend income of directors

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

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