Nineteen now arrested over disorder with house targeted in arson
Nineteen people arrested, including a teen, after violence in Northern Ireland and an arson attack.
BBC News1 min read
Reform UK’s Richard Tice allegedly failed to pay £100,000 in corporation tax
TL;DR
Richard Tice allegedly failed to pay nearly £100,000 in corporation tax related to his investment company, which donated over £1 million to Reform UK. Tice acknowledged potential errors and expressed willingness to rectify any tax obligations.
Key points
- Richard Tice allegedly failed to pay £100,000 in corporation tax.
- Tice's investment company made donations to Reform UK.
- He ran four shell companies that did not pay tax on profits.
Mentioned in this story
Richard TiceReform UK
Richard Tice allegedly failed to pay almost £100,000 in corporation tax to the benefit of his investment company, which in turn made donations to Reform UK, it has been reported.
In response to the report in the Sunday Times, the deputy leader of Reform UK posted a lengthy statement on X, in which he said: “A long career with multiple businesses is bound to feature some errors. Naturally I am always happy to put things right and if numbers need rechecking, of course I will pay what is owed – be that more or less.”
Tice ran four shell companies – a corporation without active business operations or significant assets – that allegedly did not pay any tax on profits between 2020 and 2022, the Sunday Times reported.
The newspaper said the companies had been set up to receive dividends from Tice’s property investment firm and pass the money to their parent company. Between March 2020 and May 2022, Tisun Investments Ltd then transferred £1,113,000 to Reform UK, the newspaper reported.
The party directed the Guardian to Tice’s statement on X when approached for comment.
He said: “Here’s the reality: tax efficiency is a basic corporate responsibility and duty to shareholders. A long career with multiple businesses is bound to feature some errors. Naturally I am always happy to put things right and if numbers need rechecking, of course I will pay what is owed – be that more or less.”
Tice accused the Sunday Times of “crawling all my business career in the hope of dredging up some more obscure technical issues from years ago” and claimed the newspaper was collaborating with the Labour party in a “smear campaign”.
In response to the report, the Labour party chair, Anna Turley, said: “Richard Tice’s credibility is in tatters and Nigel Farage needs to urgently explain why he remains Reform’s deputy leader.
“Tice aggressively attacked the Sunday Times for raising questions about his tax affairs, but he now admits that he may not have paid the taxes he owes.”
She added: “This is a major scandal that’s not going away. Tice has called for others to resign over tax errors that involved less money than this.”
Q&A
What is the amount Richard Tice allegedly owes in corporation tax?
Richard Tice allegedly failed to pay almost £100,000 in corporation tax.
How much money did Tice's companies donate to Reform UK?
Tice's companies reportedly transferred £1,113,000 to Reform UK between March 2020 and May 2022.
What did Richard Tice say in response to the tax allegations?
Richard Tice stated he is willing to correct any errors and pay what is owed regarding his tax obligations.
