Does anyone believe Nadhim Zahawi?

No I do not believe him. He should resign and fully investigated.

GrannyGravy13

Whitewavemark2

Dan Neidle says that he is looking at other MPs tax affairs.

I reckon Mogg is one, and possibly Johnson.

I wonder if he will look at Labour politicians?

He said on twitter that it wasn't a tory MP.

Tory MPs don't have a monopoly on dodgy tax dealing, or dodgy dealing in general. There just seem to be more of them...

(I wonder how Johnson. B's tax returns would stand up to scrutiny... )

What is puzzling me is that given Johnson’s known income at the time of the loan which was not inconsiderable, why on earth did he need a further £800k?

Anyone on twitter notice the sudden and amount of HMRC adverts warning about tax avoidance? 😄😄

Bit rude volver, maybe some people are more gullible than others.

Whitwavemark2 With the deadline for paying taxes and getting returns in being 31 January, I suspect the adverts have more to do with that. There is usually a lot of HMRC advertising this time of year.

I have difficulty believing he does his own tax returns.

We're in the endgame now, many in the government are grabbing what they can.

As many other people have said, it's very odd that 'carelessness' never seems to result in overpayment.

I don't know what all the fuss is about- poor man! I'm sure we've all made mistakes, and accidentally pocketed the odd million or so, which really belonged to the tax man, haven't we?

LadyGracie

Bit rude volver, maybe some people are more gullible than others.

As I've said many times before, one of the worst things about this current (run of) government(s) is that they've persuaded so many people that politicians are all as bad as each other.

The subtext is 'OK we're bad but so are the other lot so you might as well vote for us again'

Nope. Not for one minute...

Nope !! Rather poor show if a chancellor cannot handle his own tax affairs !!!

Very good point germanshepherdsmum !! However surely he would check his own financial affairs given his position ?

Nope, not a word of it.

I don’t know Cossy. I should think his finances are pretty complicated and he’s a busy person. I use an accountant and trust her to get it right, I sign the forms and send them back to her. And I’m retired with fairly straightforward finances but I’m no tax expert.

We deserve quality MP's of the highest calibre who are interested in Britain and the people who live here. Instead we are getting politicians who are only interested in themselves. They come on our tv squealing and squirming their innocence their naivety "Oh I didn't realise" "I made a mistake" it's not me guv". What's going on with these offshore accounts! We need and deserve better than this.

The short answer has to be NO

Cossy

Very good point germanshepherdsmum !! However surely he would check his own financial affairs given his position ?

Exactly!

NO

Sunak said " Integrity, Professionalism and Accountability"

Great Headline.

But it means nothing.

Just a headline for the papers.

If you have experts to do your tax returns- you would meet up with them to discuss any area that might cause possible issues, and you woud be asked if you are prepared to take the risk or not. Anyone in his position would do- if not in person, his appointed senior secretary or manager, etc- who would be expected to report back to his boss.

I'm a socialist, having a spare few million pounds or so hanging around that you can make an accidental mistake about, or have forgotten about is, quite frankly, immoral at the very least. Can't believe a top businessman has such a bad accountant, and anyway, he has to sign his agreement to the tax returns, it's his tax and his responsibility at the end of the day. This is why the the government can't empathise with ordinary people, clueless.

If he has given all the relevant information to his accountant and they have given him incorrect advice so his return is wrong, he is not guilty of carelessness and would not have to pay a penalty. He would, however, have to pay the outstanding tax bill. If he has neglected to give them ALL the relevant information, then he does have to pay a penalty. He can't blame his accountants!

Cannot be bothered to read the details of this, just another example of government (any party) sleeze. Seems never ending.
I also think (not relevant in this case perhaps) that whilst ever there are legal ways to avoid paying tax people will use them, would we all? It's down to governments to make them illegal and stop such practices.

Short answer? Nope! Long answer? His accountant would have been briefed with what his raison d'être is, i.e. save tax and sail just the right side of the law ,should the ship wobble into dark waters, and isn't noticed, leave it there, or plead ignorance and dodgy brakes if spotted!
my, ma used to say "you must be earning it to pay it!" about huge taxes, so right. rich folks moaning about the tax they pay skillfully forget to mensh to tsunami of Dosh they're pocketting after the process of avoiding...er ...paying as little as physically possible. Zahawi is no fool and needs to be well and truly slung out of the door, we dont need dodgy traders at the heart of government telling rest of us what to fo while they swindle and steal their way through life, his reason for entering politics is probably the prize of a seat in lords at the ned of it all, so stop automatic seats being dished out and overhaul lords as a house of experienced qualifiedand/or relevant types instead of mates of mates!