Ex-chancellor Nadhim Zahawi settled with HMRC after 'error'
Nadhim Zahawi, who attends cabinet, was made chancellor in the closing days of Boris Johnson's governmentTory Party Chairman Nadhim Zahawi says an error in his tax affairs was accepted by HMRC as having been "careless and not deliberate".
The BBC has been unable to verify that figure, but when the paper asked about the penalty, Mr Zahawi's spokesperson did not deny one had been paid. "When we set it up, I didn't have the money or the expertise to go it alone. So I asked my father to help. In the process, he took founder shares in the business in exchange for some capital and his invaluable guidance.
"So that I could focus on my life as a public servant, I chose to settle the matter and pay what they said was due, which was the right thing to do."The questions facing Mr Zahawi include whether he tried to avoid paying tax by using an offshore company called Balshore Investments to hold shares in YouGov, the polling company he co-founded in 2000 - something he has always denied.
"This carefully worded statement blows a hole in Nadhim Zahawi's previous accounts of this murky affair," said Labour Party chairwoman Anneliese Dodds, who called on Rishi Sunak to sack him."In the middle of the biggest cost-of-living crisis in a generation, the public will rightly be astonished that anyone could claim that failing to pay millions of pounds worth of tax is a simple matter of 'carelessness'.
"It's very sad that such smears should be circulated and sadder still that they have been published," the July 2022 statement read.
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