Tax row over Reform UK deputy leader Richard Tice's property company

Reform UK deputy leader Richard Tice is at the centre of a tax controversy involving his property company, Quidnet REIT Limited.

The company reportedly failed to pay £91,000 in tax before dividends were distributed to Tice and his offshore trust.

According to reports, the company did not pay a required 20% levy on dividends prior to channeling profits to Tice and his trust registered in Jersey.

Tice has described the issue as a "technicality" and stated that overall the correct amount of tax was paid to HM Revenue and Customs (HMRC).

Labour has criticised the situation as a "major scandal" that questions Tice's integrity and credibility.

The party has called for urgent clarification on whether the business complied fully with tax laws.

Liberal Democrats leader Sir Ed Davey also called for Tice to be removed from his position.

This controversy matters as it involves a senior political figure and raises questions about tax compliance and transparency within political parties.

It could impact public trust and the reputation of Reform UK.

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