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Nadhim Zahawi used an offshore trust to hold shares in YouGov. Has now settled with HMRC.

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MaizieD Tue 17-Jan-23 23:27:35

Not a problem, Dinahmo, but we've been discussing this on this thread:

www.gransnet.com/forums/news_and_politics/1320198-Is-it-OK-to-break-the-law-if-you-are-a-Tory?pg=1

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Dinahmo Tue 17-Jan-23 23:17:01

When Zahawi founded YouGov a shareholding, equal to that of his co-founder, was allocated to a family investment trust based in Gibralter.

YouGov was founded in 2000 before Zahawi entered politics so it was unusual for a founder not to take any shares on the incorporation of the company. The trusts shares were thought to have been sold during the 2018 financial year for an estimated £27m. The estimated tax due on this, had the gain been liable to UK tax is £3.7m.

Zahawi has apparently settled with HMRC for a 7 figure sum. We await further information.

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