>Richard Tice, the deputy leader of Reform UK, used his Quidnet property company’s REIT status to save tax. That meant Quidnet itself paid no corporation tax on its property business – but the quid pro quo was that its corporate shareholders had to pay tax on the dividends they received. They did not. Instead, Mr Tice signed accounts wrongly claiming that the dividends – £514,000 in total – were tax exempt. The result: they failed to pay £98,000 of corporation tax.
jumper62 on
If Tice received the money, would he have paid tax on them rather than the corporation? Or did he also avoid that tax?
Senior_Sentence_566 on
Yet he called for Angela Rayner to resign over her mistake
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>Richard Tice, the deputy leader of Reform UK, used his Quidnet property company’s REIT status to save tax. That meant Quidnet itself paid no corporation tax on its property business – but the quid pro quo was that its corporate shareholders had to pay tax on the dividends they received. They did not. Instead, Mr Tice signed accounts wrongly claiming that the dividends – £514,000 in total – were tax exempt. The result: they failed to pay £98,000 of corporation tax.
If Tice received the money, would he have paid tax on them rather than the corporation? Or did he also avoid that tax?
Yet he called for Angela Rayner to resign over her mistake