Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleReform UK could face a £3m tax bill as a result of Nigel Farage's undeclared £5m donation, according to tax expert Dan Neidle. The potential tax liability stems from reports that Farage discussed needing 'a million a year' to cover lost earnings if he stood for parliament, shortly before receiving the sum from crypto billionaire Christopher Harborne. Dan Neidle, of Tax Policy Associates Ltd, stated that if the reporting is correct, HMRC could apply 'disguised remuneration' rules, making Reform UK liable for PAYE on the £5m. Reform UK has denied The Guardian's report, which detailed the discussions, calling it 'fake and wholly incorrect'. Nigel Farage is currently under investigation by the Commons standards watchdog for failing to declare the £5m sum after he became an MP. In fullReform could be hit with £3m tax bill because of Farage’s £5m donation, tax expert claimsMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Reform UK could face hefty tax bill over £5m donation from crypto billionaire
Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleReform UK could face a £3m tax bill as a result of Nigel Farage's undeclared £5m donation, according to tax expert Dan Neidle. The potential tax liability stems from reports that Farage discussed needing 'a million a year' to cover lost earnings if he stood for parliament, shortly before receiving the sum from crypto billionaire Christopher Harborne. Dan Neidle, of Tax Policy Associates Ltd, stated that if the reporting is correct, HMRC could apply 'disguised remuneration' rules, making Reform UK liable for PAYE on the £5m. Reform UK has denied The Guardian's report, which detailed the discussions, calling it 'fake and wholly incorrect'. Nigel Farage is currently under investigation by the Commons standards watchdog for failing to declare the £5m sum after he became an MP. In fullReform could be hit with £3m tax bill because of Farage’s £5m donation, tax expert claimsMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
