UK Conservative Party chairman Nadhim Zahawi has admitted he had paid a penalty for a tax error, but has insisted that it was “careless and not deliberate.”
The former chancellor, who attends Rishi Sunak’s Cabinet, has been under pressure since the Sun on Sunday revealed the tax dispute. He allegedly avoided tax by using Balshore Investments, an offshore company registered in Gibraltar, to hold shares in the polling company he co-founded, YouGov.
The main opposition Labour Party said Zahawi’s position is “untenable” after The Guardian reported that Zahawi paid HM Revenue & Customs (HMRC) a 30 percent penalty, which was a seven-figure sum….