Richard Tice, deputy leader of Reform UK, has said he will 'be happy to put things right' after a report claimed he failed to pay almost £100,000 in corporation tax.
The Sunday Times reported that Mr Tice ran four shell companies which allegedly did not pay tax on profits between 2020 and 2022. The companies were said to have been set up to receive dividends from his property investment firm and pass money to their parent company. During that period, Tisun Investments Ltd transferred £1,113,000 to Reform UK.
The Liberal Democrats have written to HMRC's chief executive John-Paul Marks asking for an investigation. Labour chair Anna Turley said Mr Tice's 'credibility is in tatters' and called on Nigel Farage to explain why Mr Tice remains deputy leader.
In a statement on X, Mr Tice said tax efficiency was 'a basic corporate responsibility' and that a long career with multiple businesses 'is bound to feature some errors'. He accused the Sunday Times of collaborating with Labour in a 'smear campaign'.
Reform's Treasury spokesperson Robert Jenrick told the BBC that Mr Tice believes he has paid the right tax, and may have overpaid. 'HMRC are not investigating,' he said. 'So there is no story.'
