Nigel Faraj Allegedly using one private company For payment from GB news Show and other employment outside Parliament.
Payment for Improvement UK Presence of leader His prime-time show His company is designed for the company, which means that it pays only 25 percent of the corporation tax on profit rather than 40 percent of income tax. It can also allow Mr. Faraj to make up for some expenses, Mentor Informed
Money for their GB news work According to the newspaper, directly his company, Thorne in the Side Limited, in which he is the director and only shareholder.
Its latest accounts suggest that in May there was £ 1.7m cash, which was more than £ 1m in the previous year. He has done more than £ 400,000 for the TV channel since the general election, paying more than £ 2,000 per hour for his appearance.
A spokesperson of Mr. Faraj said: “Thorn has traded for 15 years in Side Limited and has many interests. It presents the services of many contractors and is a properly working company.”
Mr. Faraj has previously criticized people trying to avoid tax as a “common enemy” and has faced criticism to install a trust fund in an offshore tax Heave, a step that he later described as a “mistake”.
But he has said that “most of the forms of avoiding legal tax are fine, but are clearly nothing”.
Broadcasters have come into fire in the past to allow stars to reduce their tax bills due to payment through individual service companies.
HM Revenue and Customs (HMRC) first pursued Gary Linekar on payment received through a limited company from BBC and BT Sport, arguing that he should have been classified as an employee.
Adrian Chiles has also faced a legal battle with the tax authorities, HMRC argued that their current work should be controlled as employment and not paid to their personal service company.
Shri Faraj’s system emerged on the eve of the annual conference of reform in Birmingham. The reform leader claimed workers and MPs that a general election may come soon as 2027.
And he unveiled the latest scalp of the party from Conservatives, in which former-cabinet minister Nadin Doris announced “Tory Party died” and announced to join the reform.