"Richard Tice stated, 'I have paid all tax at the highest rate on all dividends received. HMRC has been paid in full.' This assertion aims to counter claims of tax evasion."
"Dan Neidle of Tax Policy Associates indicated that Tice's company should have paid approximately £120,000 in tax, highlighting the significant financial implications of the alleged oversight."
"The Sunday Times reported that Tice's company did not pay the required 20% withholding tax on dividends, which is a legal obligation for real estate investment trusts."
Richard Tice's company, Quidnet REIT Ltd, is accused of not paying a 20% withholding tax on dividends, resulting in a potential tax liability of about £120,000. Tice received at least £91,000 in excess payments, according to reports. He claims that HMRC received the correct tax amount and describes the allegations as a smear. Tice argues that the failure to pay withholding tax is a technicality, asserting he paid income tax on the dividends. His company operates as a real estate investment trust, which has specific tax obligations.
Read at www.theguardian.com
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