Reform deputy Richard Tice is facing criticism over allegations that his companies neglected to pay nearly £100,000 in corporation tax, according to Labour. Party chair Anna Turley has called for an urgent explanation from Nigel Farage, the leader of Reform, regarding Tice’s position as deputy leader.
Turley stated, “Richard Tice’s credibility is severely damaged, and Nigel Farage must clarify why he continues to hold the position of Reform’s Deputy Leader.” She emphasized the significance of the issue, highlighting that Tice had advocated for resignations in cases involving lesser tax discrepancies.
In response to the accusations, Mr. Tice, who also serves as the business spokesman for the right-wing party, expressed willingness to rectify any discrepancies and settle the owed amount if necessary after reevaluation.
Reportedly, Tice operated four shell companies that allegedly did not pay taxes on profits between 2020 and 2022. These companies were reportedly established solely to receive dividends from Tice’s property investment firm and channel the funds to their parent company.
Tisun Investments Ltd purportedly transferred £1,113,000 to Reform UK between March 2020 and May 2022, as per The Sunday Times.
Amidst the controversy, Robert Jenrick, a former Tory member now associated with Reform, defended Tice’s actions. In a BBC interview, Jenrick referenced previous tax-related incidents involving politicians and stressed Tice’s contributions as a successful businessman.
Although the Liberal Democrats have urged HMRC to investigate the matter promptly, Jenrick mentioned that there is currently no ongoing investigation by HMRC.
In a statement, Tice highlighted his extensive business career spanning 40 years, where he operated internationally and was involved in numerous companies. He affirmed his commitment to paying taxes based on professional advice and expressed readiness to correct any errors in tax payments.
Tice also criticized the persistent attempts to tarnish his reputation, attributing them to deterring successful business individuals from entering politics. He emphasized his focus on serving his constituents and participating in local elections rather than solely pursuing financial gain.