https://sputnikglobe.com/20230123/uk-pm-sunak-orders-probe-into-tory-party-chairman-zahawi-over-tax-dispute-1106613214.html
UK PM Sunak Orders Probe Into Tory Party Chairman Zahawi Over Tax Dispute
UK PM Sunak Orders Probe Into Tory Party Chairman Zahawi Over Tax Dispute
Sputnik International
Former Chancellor Nadhim Zahawi got into a dispute with tax authorities over the transfer of a 42.5 per cent stake in his polling firm YouGov to an offshore trust owned by his parents.
2023-01-23T13:14+0000
2023-01-23T13:14+0000
2023-05-28T15:25+0000
rishi sunak
nadhim zahawi
world
great britain
britain
british conservative party
her majesty's revenue and customs (hmrc)
yougov
united kingdom (uk)
https://cdn1.img.sputnikglobe.com/img/07e6/07/06/1097021916_0:0:1280:721_1920x0_80_0_0_9336ab8278a46e1bbe840ce0ab1eeba9.jpg
British Prime Minister Rishi Sunak has ordered a probe into his Tory Party chairman Nadhim Zahawi over his dispute with tax collectors.Sunak announced in Monday morning that he had asked his independent ethics adviser to investigate whether Zahawi broke the ministerial code of cinduct.Zahawi, the former COVID-19 vaccines minister and then education secretary who briefly succeeded Sunak as chancellor of the exchequer this summer, is under scrutiny after he admitted he had made a huge settlement for overdue tax with His Majesty's Revenue and Customs (HMRC).British media reported that the Tory chairman and MP for Stratford-on-Avon had been forced to pay a whopping £4.8 million, which included a 30 per cent penalty for overdue payment.Sources told media that Zahawi had paid what he owed during his two-month stint as chancellor from July 5 to September 6 2022.The YouGov shares, reportedly totalling 42.5 per cent of the company's ownership, were transferred to Gibraltar-based firm Balshore Investments in 2000. Balshore was owned by a trust controlled by Zahawi's parents, and the former minister has said he transferred the shares in recognition of his father's role in providing capital to set up the firm.YouGov has gained a reputation as the UK's most reliable pollster. It predicted the outcome of the last general election in December 2019 more accurately than any other, partly by conducting far larger surveys of tens of thousands of voters.
https://sputnikglobe.com/20230121/rishi-sunak-slapped-with-police-fine-for-not-wearing-seatbelt-in-moving-car--1106546157.html
great britain
britain
united kingdom (uk)
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2023
James Tweedie
https://cdn1.img.sputnikglobe.com/img/07e4/08/1c/1080307270_0:3:397:400_100x100_80_0_0_7777393b9b18802f2e3c5eaa9cbcc612.png
James Tweedie
https://cdn1.img.sputnikglobe.com/img/07e4/08/1c/1080307270_0:3:397:400_100x100_80_0_0_7777393b9b18802f2e3c5eaa9cbcc612.png
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
James Tweedie
https://cdn1.img.sputnikglobe.com/img/07e4/08/1c/1080307270_0:3:397:400_100x100_80_0_0_7777393b9b18802f2e3c5eaa9cbcc612.png
rishi sunak, nadhim zahawi, tax, shares, yougov, dispute
rishi sunak, nadhim zahawi, tax, shares, yougov, dispute
UK PM Sunak Orders Probe Into Tory Party Chairman Zahawi Over Tax Dispute
13:14 GMT 23.01.2023 (Updated: 15:25 GMT 28.05.2023) Former Chancellor Nadhim Zahawi got into a dispute with tax authorities over the transfer of a 42.5 per cent stake in his polling firm YouGov to an offshore trust owned by his parents. His final tax bill was reportedly almost £5 million.
British Prime Minister Rishi Sunak has ordered a probe into his Tory Party chairman Nadhim Zahawi over his dispute with tax collectors.
Sunak announced in Monday morning that he had asked his independent ethics adviser to investigate whether Zahawi broke the ministerial code of cinduct.
"I think it is important we do these things professionally. Integrity and accountability's really important to me, but it's also important we do these things properly," Sunak said. "Integrity and accountability is really important to me and clearly in this case there are questions that need answering."
Zahawi, the former
COVID-19 vaccines minister and then education secretary who briefly succeeded Sunak as chancellor of the exchequer this summer, is under scrutiny after he admitted he had made a huge settlement for overdue tax with His Majesty's Revenue and Customs (HMRC).
British media reported that the Tory chairman and MP for Stratford-on-Avon had been forced to pay a whopping £4.8 million, which included a 30 per cent penalty for overdue payment.
Zahawi said he and the taxman had "disagreed about the exact allocation" of shares in YouGov, the polling firm he founded, but insisted that was just a "careless and not deliberate" error.
Sources told media that Zahawi had paid what he owed during his two-month stint as chancellor from July 5 to September 6 2022.
21 January 2023, 06:58 GMT
The YouGov shares, reportedly totalling 42.5 per cent of the company's ownership, were transferred to Gibraltar-based firm Balshore Investments in 2000. Balshore was owned by a trust controlled by Zahawi's parents, and the former minister has said he transferred the shares in recognition of his father's role in providing capital to set up the firm.
YouGov has gained a reputation as the UK's most reliable pollster. It predicted the outcome of the last general election in December 2019 more accurately than any other, partly by conducting far larger surveys of tens of thousands of voters.
_(51657269229).jpg){kind=link}