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BBCNEWS BBC News July 6, 2024

that he made a payment to the tax office to settle a disagreement about his tax affairs. mr zahawi said hmrc accepted that an error concerning shares he gave to his father for help in setting up the polling company yougov in 2000 had been careless and not deliberate. it comes after newspaper reports that he d paid a seven figure sum and been subject to a penalty. it s understood the dispute over mr zahawi s taxes was resolved while he was serving as chancellor of the exchequer. earlier labour had called on nadim zahawi to resign. here s our political correspondent helen catt. nadhim zahawi is a seniorfigure in the government, the chairman of the conservative party, who sits in the cabinet. last year, he was for a few months borisjohnson s chancellor, in charge of the country s finances. is the hmrc still after you, sir? but since then, he s faced questions about his own financial affairs and claims he tried to avoid tax. over the summer, he dismissed claims that ....

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BBCNEWS BBC News June 4, 2024 20:22:00

Penalty, obviously much higher penalty, obviously much higher penalty for deliberate and what they call deliberate and concealed. careless is what has been agreed. if it was just simply to do with the uk the maximum penalty is 30%. then you get a reduction, the law says for what they call disclosure. that involves you coming forward or maybe hmrc asking you about it as you put your hands up. also how you work with hmrc while you are sorting it out. did you give them all the information needed, didn t you let them see all of your information so that you could arrive at the right amount of tax? the slight difference here with nadhim zahawi is that the yougov shares, if that s what the taxes relationship, they were in an offshore structure in gibraltar. ....

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