Richard Tice’s firm alleged to have broken law by failing to pay tax

Report says company did not pay tens of thousands in tax on dividends given to Reform UK deputy leader and trust Richard Tice’s company has been accused of breaking the law by allegedly failing to pay tens of thousands of pounds in tax on dividends that were paid to him and his offshore trust. Reform UK’s multimillionaire deputy leader is alleged to have received at least £91,000 in excess payments as a result, the Sunday Times reported. Dan Neidle of Tax Policy Associates – whose analysis was cited by the newspaper – said that further analysis suggested that the total in tax that should have been paid by Tice’s company was about £120,000. The MP for Boston and Skegness, and business, trade and energy spokesperson for Nigel Farage’s party, posted on X that “overall, HMRC received the correct amount of tax due” and described the claims as a “smear”. Quidnet REIT Ltd, the property investment company Tice founded, owned and ran as chief executive, did not pay a required 20% levy on the dividends, known as a “withholding tax”, before channelling profits to Tice and his trust registered in Jersey, the Sunday Times said. Tice suggested the failure amounted to a