Reform Deputy Leader Accused Of Failing To Pay £100k In Corporation Tax
Reform Deputy Leader Accused Of Failing To Pay £100k In Corporation Tax
"This is a major scandal that's not going away," Labour's chairwoman said.
Political Correspondent
Richard Tice allegedly failed to pay almost £100,000 in corporation tax, according to a new investigation.
The Sunday Times reported that the deputy leader of Reform ran four shell companies which did not pay any tax on profits between 2020 and 2022, when they should have paid £98,000.
That money benefitted his investment company which donated large sums to Reform, according to the newspaper.
The Sunday Times reports that this is the first time his tax affairs can be directly linked to the party finances.
Allegedly, Tice’s company Tisun Investments Ltd transferred £1,113,000 to Reform between March 2020 and May 2022.
According to Dan Neidle of Tax Policy Associates, the issue could leave Tice vulnerable to an investigation by HMRC.
The MP for Boston and Skegness issued a statement saying he would be happy to “pay what is owed” if needed, and that a long career with multiple companies was........
