US EditionNigel Farage lashes out at reporter over Richard Tice tax question
Labour says Quidnet may have underpaid between £91,000 and £120,000 in dividend tax and wants HMRC to examine the company’s filings.
- On Friday, April 11, investigators revealed that Reform UK Deputy Leader Richard Tice's property company, Quidnet REIT Ltd, allegedly failed to withhold approximately £120,000 in tax on £600,000 of dividends paid between 2020 and 2022.
- Real Estate Investment Trusts are legally required to withhold a 20 per cent tax levy on dividends before distribution; Quidnet REIT's status as an investment fund made this obligation mandatory under tax regulations.
- Tax Policy Associates expert Dan Neidle stated he is 'confident that the company failed to withhold around £120,000 of tax,' emphasizing that company obligations remain separate from any personal income tax Tice subsequently paid.
- The Labour Party formally requested HM Revenue & Customs investigate Quidnet REIT's compliance, while Tice dismissed the allegations as a 'smear' and a 'non-story,' rejecting claims his company broke the law.
- These allegations echo the 2025 stamp duty controversy involving Angela Rayner, raising broader questions about Reform UK leadership's approach to tax compliance and political integrity as the party campaigns for office.
15 Articles
15 Articles
Richard Tice's tax scandal shows how little he respects the law
Reform UK’s deputy leader Richard Tice is trying to just shrug off a tax scandal surrounding one of his companies despite experts saying laws were clearly broken. The company in question is property investment firm Quidnet REIT Limited. Alongside Tice, there are two other directors, Nicholas Tribe and John Purcell, both of whom Tice has other business interests with. Experts at Tax Policy Associates have insisted they are “confident that the com…
Tice tax allegation rejected as MP carries on work representing the people of Boston and Skegness
As Reform UK’s election campaign gathers pace, deputy leader Boston and Skegness MP Richard Tice has again found himself at the centre of political controversy after fresh allegations over the tax affairs of one of his businesses.
Reform’s Richard Tice facing calls to be sacked over firm’s £91,000 unpaid tax bill
Reform UK’s Deputy Leader Richard Tice is facing calls to be sacked after his property company failed to pay a £91,000 tax bill to HMRC. Tice has insisted that his company has done nothing wrong. The Times has revealed that Quidnet REIT Ltd, the property investment company Tice founded, failed to pay tens of thousands of pounds in tax on dividends that were paid to him and his offshore trust. The paper reports that Quidnet ‘did not pay a require…
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