Nadhim Zahawi insisted HMRC told him he made a “careless but not deliberate” error before the matter was settled 🔴 Zahawi appeared to confirm he paid a penalty following a tax dispute, but did not address the sum — reported to be worth more than £1m
Nadhim Zahawi has released a statement to “address some of the confusion about my finances” after he faced calls to resign overThe chair of the Conservative Party appeared to confirm that he paid a penalty to HM Revenue & Customs following a tax dispute, but did not address the sum — reported to be worth almost £5m.
“Twenty-two years ago I co-founded a company called YouGov. I’m incredibly proud of what we achieved. It is an amazing business that has employed thousands of people and provides a world-beating service. “Following discussions with HMRC, they agreed that my father was entitled to founder shares in YouGov, though they disagreed about the exact allocation. They concluded that this was a ‘careless and not deliberate’ error.”
The Cabinet minister has faced questions over his taxes after it emerged last summer that shares in polling firm YouGov were kept in Balshore Investments, a Gibraltar-registered family trust. Asked whether Mr Zahawi would still be in his job in a month’s time, Mr Raab, the Justice Secretary, replied: “A month’s a long time in politics, I certainly hope so.”
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