Richard

Deputy leader ran shell companies that reportedly did not pay tax on profits from 2020 to 2022, during which time his firm donated £1.1m to partyRichard Tice allegedly failed to pay almost £100,000 in corporation tax to the benefit of his investment company, which in turn made donations to Reform UK, it has been reported.In response to the report in the Sunday Times, the deputy leader of Reform UK posted a lengthy statement on X, in which he said: “A long career with multiple businesses is bound to feature some errors. Naturally I am always happy to put things right and if numbers need rechecking, of course I will pay what is owed – be that more or less.” Continue reading...

Firms owned by media tycoon launched action against Gambling Commission in 2022 after Allwyn won franchiseThe media tycoon Richard Desmond has lost his claim for up to £1.3bn in damages from the Gambling Commission, ending a bitter dispute over the regulator’s decision not to award him the 10-year licence to run the national lottery.Companies owned by the former proprietor of the Daily Express and Channel 5 launched action against the regulator in 2022, starting a tortuous legal process in which Desmond’s costs were estimated to have reached £55m by May last year. Continue reading...

Tony award-winning actor will play lead role of Judith Bliss in Noël Coward’s comedy at Wyndham’s theatre in LondonChristine Baranski is to make her West End debut alongside Richard E Grant in a revival of Noël Coward’s comedy Hay Fever. The US star, known for her TV roles in The Good Fight and The Gilded Age, says she is looking forward to “tearing a passion to tatters” in the 1925 play about a family toying with their guests at a country house party.She will star as the newly retired actor Judith Bliss, with Grant playing her novelist husband. Baranski has twice won the Tony award for best featured actress in a play – with New York productions of Tom Stoppard’s The Real Thing in 1984 and Neil Simon’s Rumors in 1989. She also appeared in the comedies Hurlyburly (in 1985) and Boeing-Boeing (in 2008) on Broadway. Continue reading...

Report says company did not pay tens of thousands in tax on dividends given to Reform UK deputy leader and trustRichard Tice’s company has been accused of breaking the law by allegedly failing to pay tens of thousands of pounds in tax on dividends that were paid to him and his offshore trust.Reform UK’s multimillionaire deputy leader is alleged to have received at least £91,000 in excess payments as a result, the Sunday Times reported. Dan Neidle of Tax Policy Associates – whose analysis was cited by the newspaper – said that further analysis suggested that the total in tax that should have been paid by Tice’s company was about £120,000. Continue reading...

Situation still volatile as Tehran and Washington issue conflicting messages about opening of Hormuz channelA plunge in the oil price, stock market rally and renewed hopes for the global economic outlook. After the announcement of a two-week ceasefire in the Iran war, the relief in financial markets was palpable. But it is far from absolute.For the past six weeks, the economic damage had been steadily mounting, as the effective closure of the strait of Hormuz by Tehran triggered the worst energy crisis of the modern era. Continue reading...

Reform UK’s deputy leader comments came as he was responding to questions raised about his own tax affairsAll Britons should do their best to pay the minimum tax possible, Reform UK’s deputy leader has argued as he dismissed a newspaper investigation over his own tax affairs as a smear.Richard Tice, who was presenting a press conference on Monday about Reform’s claims to have saved large sums of money in the English councils it runs, faced questions about a Sunday Times story which detailed a scheme the paper said had helped him avoid nearly £600,000 in corporation tax. Continue reading...

Former spy chief says recommendations regarding intelligence agencies shouldn’t wait for royal commission’s final reportGet our breaking news email, free app or daily news podcastImprovements to public safety and intelligence in the wake of the Bondi terrorist attack “cannot wait until December”, former spy chief Dennis Richardson has said just days after he sensationally quit the antisemitism royal commission.“You cannot leave matters that go to public safety till the end of the year, particularly when you have a small section of the community living in such fear,” Richardson told an ABC podcast. Continue reading...