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Why the rich paid less tax in the 1970s Why the rich paid less tax in the 1970s – despite 98% tax rates Oxfam Oxfam – taxing a windfall that doesn’t exist – Tax Policy Associates Richard Tice’s property company failed to Richard Tice’s property company failed to pay £120,000 of tax Fake tax refunds Fake tax refunds: Welcome Accountancy exposed Richard Tice signed accounts wrongly claiming Richard Tice signed accounts wrongly claiming £98k tax exemption Who secretly owns Britain? Who secretly owns Britain? Map of hidden UK property owners

Apr 18, 2026 Investigations

Richard Tice signed accounts wrongly claiming £98,000 of tax exemptions

Richard Tice, the deputy leader of Reform UK, used his Quidnet property company’s REIT status to save tax. That meant Quidnet itself paid no corporation tax on its property business – but the quid pro quo was that its corporate shareholders had to pay tax on the dividends they received. They did not. Instead, Mr […]

photo of Richard Tice

Apr 13, 2026 Investigations

The questions Richard Tice isn’t answering

Richard Tice isn’t denying that Quidnet REIT, his property company, failed to pay around £120,000 of tax when it paid dividends to Mr Tice and his offshore trust. He says it doesn’t matter, because he paid tax in full. That’s wrong: Quidnet’s failure to withhold REIT tax was unlawful, and the £120,000 remains due. But […]

photo of Richard Tice

Apr 11, 2026 Investigations

Richard Tice’s property company failed to pay £120,000 in tax

The deputy leader of Reform UK, Richard Tice, owns a property company – Quidnet REIT Limited. From 2020 to 2022 it paid around £600,000 of dividends to Mr Tice and his offshore trust. Quidnet was required by law to withhold approximately £120,000 of tax from those dividends and pay it to HMRC. But we believe […]

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Apr 7, 2026 Analysis

Inside a fake tax refund factory

Updated 3.45pm on 7 April 2026 with Welcome Accountancy’s legal threat. The internet is full of people promising effortless tax refunds. For many, the business model is simple: invent expenses, file claims at volume, and take a cut. These “refund factories” exploit HMRC’s “process now, check later” systems, operating largely out of sight – but […]

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Mar 13, 2026 Investigations

Companies House flaw exposed five million directors and enabled company hijacking

A major vulnerability in the Companies House website gave unauthorised access to the private dashboard of any of the five million registered companies for five months. It exposed directors’ home addresses and email addresses, and enabled attackers to change company and director details – and even file accounts. This article sets out what we know, […]

Mike Pugh, founder of MP Estate Planning. “Presto magic, there’s no tax.”

Mar 13, 2026 Investigations

MP Estate Planning: the unregulated firm selling defective trusts to the elderly

MP Estate Planning is an unregulated advisory firm using an extensive social media campaign to sell expensive “asset protection trusts” to elderly homeowners, often of relatively modest means. The pitch is simple: put your home into a trust and you can avoid inheritance tax, care home fees, divorce claims and creditors. Our investigation, drawing on […]

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