"Richard Tice's company, Quidnet REIT Limited, failed to pay a required 20 percent levy on its dividends before channelling profits to Tice and his trust registered in Jersey."
"Zia Yusuf, Reform UK's home affairs spokesperson, conceded that this was 'a minor administrative error' but told Sky News it was a 'non story'."
"A Labour spokesperson stated, 'This is a major scandal which goes to the heart of Richard Tice's integrity and credibility. Reform cannot ignore it.'"
Richard Tice's property company, Quidnet REIT Limited, did not pay a required tax on dividends before distributing profits to Tice and his offshore trust. Tice described the issue as a technicality, asserting that HMRC received the correct total tax amount. Labour criticized the situation as a significant scandal affecting Tice's integrity. Reform UK's spokesperson acknowledged the error but claimed it was a non-issue, stating that any unpaid tax would have been compensated by Tice's income tax payments. Labour has called for an investigation into Tice's tax affairs.
Read at www.bbc.com
Unable to calculate read time
Collection
[
|
...
]