Beautiful Virgin Islands

Saturday, Nov 01, 2025

Nadhim Zahawi settled tax issue with HMRC while he was chancellor

Nadhim Zahawi settled tax issue with HMRC while he was chancellor

Labour's chair Anneliese Dodds describes the revelation "shocking" while former Tory party leader Iain Duncan Smith says Mr Zahawi must share more information about his tax payments.
Nadhim Zahawi settled his tax issue with HMRC while he was serving as chancellor, a government source has told Sky News.

Questions about the now Tory chairman's deal with tax authorities have continued, even after he released a statement to "address some of the confusion about my finances".

On Saturday he admitted he paid what HMRC said "was due" after it "disagreed about the exact allocation" of shares in the YouGov polling company he co-founded, an error he noted was "careless" not deliberate.

But he did not disclose the size of the settlement - reported to be an estimated £4.8m including a 30% penalty - or whether he paid a fine.

Labour Party chair Anneliese Dodds described the revelation that Mr Zahawi was chancellor while negotiating the settlement as "shocking".

"After a week of Nadhim Zahawi dodging questions, we now know the shocking truth that he was negotiating his tax settlement while in charge of HMRC.

"This whole episode is deeply damaging to public trust, with a chancellor in charge of the nation's finances asking the public to pay their taxes while apparently having failed to do so himself.

"His position is clearly untenable. Every hour that Rishi Sunak refuses to sack him shows just how weak the prime minister is."

James Cleverly insisted Mr Zahawi will survive in his post until at least Prime Minister's Questions on Wednesday.

The foreign secretary claimed to know nothing of his cabinet colleague's tax position beyond Mr Zahawi's statement when he was repeatedly pressed on Sky News' Sophy Ridge On Sunday.

Other Tories including former party leader Iain Duncan Smith said Mr Zahawi must share more information.

The spotlight on Mr Zahawi's tax affairs comes at a challenging time for the prime minister, who on Friday was fined by police for not wearing a seatbelt in the back of a moving car.

Meanwhile, fresh accusations of sleaze have been levelled at the Conservative party amid claims BBC chairman Richard Sharp helped Boris Johnson secure a loan - weeks before the then-prime minister recommended him for the role.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Glamour UK Says ‘Stay Mad Jo x’ After Really Big Rowling Backlash
Former Prince Prince Andrew Faces Possible U.S. Congressional Appearance Over Jeffrey Epstein Inquiry
UK Faces £20 Billion Productivity Shortfall as Brexit’s Impact Deepens
UK Chancellor Rachel Reeves Eyes New Council-Tax Bands for High-Value Homes
UK Braces for Major Storm with Snow, Heavy Rain and Winds as High as 769 Miles Wide
U.S. Secures Key Southeast Asia Agreements to Reshape Rare Earth Supply Chains
US and China Agree One-Year Trade Truce After Trump-Xi Talks
BYD Profit Falls 33 % as Chinese EV Maker Doubles Down on Overseas Markets
US Philanthropists Shift Hundreds of Millions to UK to Evade Regulatory Uncertainty in Trump Era
Israeli Energy Minister Delays $35 Billion Gas Export Agreement with Egypt
King Charles Strips Prince Andrew of Titles and Royal Residence
Trump–Putin Budapest Summit Cancelled After Moscow Memo Raises Conditions for Ukraine Talks
Amazon Shares Soar 11% as Cloud Business Hits Fastest Growth Since 2022
Credit Markets Flooded with More Than $200 Billion of AI-Linked Debt Issuance
U.S. Treasury Secretary Scott Bessent Says China Made 'a Real Mistake' by Threatening Rare-Earth Exports
Report Claims Nearly Two Billion Dollars in Foreign Charity Funds Flowed into U.S. Advocacy Groups
White House Refutes Reports That US Targeting Military Sites in Venezuela
Meta Seeks Dismissal of Strike 3’s $350 Million Copyright Lawsuit
Apple Exceeds Forecasts With $102.5 Billion Q3 Revenue Despite iPhone Miss
Israel's IDF Major General Yifat Tomer-Yerushalmi Admits to Act Amounting to Aiding Hamas During Wartime (Treason)
Shawbrook IPO Marks London’s Biggest UK Listing in Two Years
UK Government Split Over Backing Brazil’s $125 Billion Tropical Forest Fund Ahead of COP30
J.K. Rowling Condemns Glamour UK Feature of Nine Trans Women as 'Men Better at Being Women'
King Charles III Removes Prince Andrew’s Titles and Orders His Departure from Royal Lodge
UK Finance Minister Reeves Releases Email Correspondence to Clarify Rental-Licence Breach
UK and Vietnam Sign Landmark Migration Deal to Fast-Track Returns of Irregular Arrivals
UK Drug-Pricing Overhaul Essential for Life-Sciences Ambition, Says GSK Chief
Princesses Beatrice and Eugenie Temporarily Leave the UK Amid Their Parents’ Royal Fallout
UK Weighs Early End to Oil and Gas Windfall Tax as Reeves Seeks Investment Commitments
UK Retail Inflation Slows as Shop Prices Fall for First Time Since Spring
Next Raises Full-Year Profit Guidance After Strong Third-Quarter Performance
Reform UK’s Lee Anderson Admits to 'Gaming' Benefits System While Advocating Crackdown
United States and South Korea Conclude Major Trade Accord Worth $350 Billion
Hurricane Melissa Strikes Cuba After Devastating Jamaica With Record Winds
Vice President Vance to Headline Turning Point USA Campus Event at Ole Miss
U.S. Targets Maritime Narco-Routes While Border Pressure to Mexico Remains Limited
Bill Gates at 70: “I Have a Real Fear of Artificial Intelligence – and Also Regret”
Elon Musk Unveils Grokipedia: An AI-Driven Alternative to Wikipedia
Saudi Arabia Unveils Vision for First-Ever "Sky Stadium" Suspended Over Desert Floor
Amazon Announces 14 000 Corporate Job Cuts as AI Investment Accelerates
UK Shop Prices Fall for First Time Since March, Food Leads the Decline
London Stock Exchange Group ADR (LNSTY) Earns Zacks Rank #1 Upgrade on Rising Earnings Outlook
Soap legend Tony Adams, long-time star of Crossroads, dies at 84
Rachel Reeves Signals Tax Increases Ahead of November Budget Amid £20-50 Billion Fiscal Gap
NatWest Past Gains of 314% Spotlight Opportunity — But Some Key Risks Remain
UK Launches ‘Golden Age’ of Nuclear with £38 Billion Sizewell C Approval
UK Announces £1.08 Billion Budget for Offshore Wind Auction to Boost 2030 Capacity
UK Seeks Steel Alliance with EU and US to Counter China’s Over-Capacity
UK Struggles to Balance China as Both Strategic Threat and Valued Trading Partner
Argentina’s Markets Surge as Milei’s Party Secures Major Win
×