Former Tory leader warns Nadhim Zahawi to clear up tax row as questions remain
The Metro says Former Conservative leader Sir Iain Duncan Smith has urged Nadhim Zahawi to come clean over his tax affairs following reports the Cabinet Office minister tried to avoid paying millions of pounds to the treasury.
Mr Zahawi has agreed to pay a penalty to HMRC as part of an estimated £5million-plus tax settlement, apparently negotiated while he was chancellor of the exchequer and in charge of the department under ex-PM Liz Truss.
A source told The Guardian that the penalty was the result of a non-payment of capital gains tax due from the sale of shares worth more than £20million in YouGov, the polling company Mr Zahawi co-founded.
Shadow chancellor Rachel Reeves accused prime minister Rishi Sunak of being ‘too weak’ to address scandals, such as the rows surrounding Mr Zahawi and ex-PM Boris Johnson.