Prime Minister David Cameron received £200,000 from his mother in 2011 in addition to the £300,000 bequeathed to him by his father after his death in 2010.

The PM also earned £90,000 in rental income from his family home last year.

In details released by Downing Street, Mr Cameron earned £3,000 interest on his savings. He also sold shares worth £72,000 before he entered Downing Street.

Prime Minister David Cameron, pictured today, received £200,000 from his mother in 2011, a year after he got£300,000 from his father following his death in 2010 according to new figures released by Downing Street

Mr Cameron, pictured, said he wanted to release his tax details in order to be completely transparent

Although, despite his decision to release his tax details, a large mob gathered outside Downing Street today to call for the Prime Minister's resignation.

According to Sky News, the PM paid some £76,000 in tax on an income of more than £200,000.

In 2010, David Cameron used a £20,000 tax-free allowance, but he stopped claiming it last year.

The documents released reveal that the two £100,000 payments from Mr Cameron's mother will only become liable to inheritance tax if she dies within seven years of the date the money was handed over in 2011.

This means, the PM could save a tax bill of up to £80,000 on the entire £500,000 inheritance.

Mr Cameron said he was releasing his tax documents to be transparent.

'I will be the first Prime Minister, the first leader of a major political party, to do that and I think it is the right thing to do.'

He vowed to clamp down on complex schemes to dodge tax.

A large group of protesters gathered outside Downing Street earlier today calling for the PM's resignation

He said: 'The UK has been at the forefront of international action to tackle the global scourge of aggressive tax avoidance and evasion, and international corruption more broadly.

'There is clearly further to go and this taskforce will bring together the best of British expertise to deal with any wrongdoing relating to the Panama Papers.

'This world-class operation will report to the Chancellor and the Home Secretary on their strategy for taking action later this year, when we will update Parliament.'

Shadow Chancellor John McDonnell told Sky News: 'The Prime Minister must be challenged on this unacceptable proposal. Any inquiry must be fully independent and in public.

'Having this proposed taskforce reporting to the Chancellor and Home Secretary, who are members of a political party whose donors are implicated, is a non-runner. The Government's inadequate plans will fail to win back the trust of the public.'