It’s alleged in the Sunday Times that a company owned by Reform UK’s deputy leader and business spokesman, Richard Tice, broke the law by failing to pay tens of thousands of pounds in tax on dividends that were paid to him and his offshore trust. The paper says Tice received at least £91,000 in excess payments as a result. It said the property investment firm – Quidnet REIT limited – didn’t pay a 20% levy on dividends, known as the withholding tax, before channelling profits to Tice and his trust. Tice was quoted in the paper as saying that revenue and customs had been paid in full, and that the story was “just an attempt to smear a successful businessman turned politician giving hope to millions of people”.
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