Reform UK’s Richard Tice allegedly failed to pay £100,000 in corporation tax
Summary
Richard Tice, deputy leader of Reform UK, is reported to have failed to pay nearly £100,000 in corporation tax through companies linked to his investments. The money was then donated to Reform UK, and Tice has said he will correct any mistakes if needed.Key Facts
- Richard Tice allegedly did not pay about £100,000 in corporation tax between 2020 and 2022.
- The unpaid tax was related to four shell companies connected to his investment business.
- These companies funneled money to Tice’s parent company, which then donated over £1 million to Reform UK.
- Tice said errors can happen in a long business career and said he will pay what is owed after review.
- He accused the Sunday Times of trying to find minor issues and claimed the report was part of a smear campaign with the Labour party.
- The Labour party criticized Tice and called the issue a major scandal.
- Tice had previously asked others to resign over smaller tax errors.
- Reform UK referred to Tice’s public statement when asked for comment.
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