Labour urges HMRC probe into Reform deputy Richard Tice
Mar 16th 2026
Labour chair Anna Turley has written to HMRC after a Sunday Times report that Richard Tice's property firm used REIT status to reduce corporation tax; Tice, Reform deputy leader and spokesman for business, trade and energy, denies any wrongdoing.
- Labour has asked HMRC to investigate Reform deputy leader Richard Tice after a Sunday Times report.
- The Sunday Times says Quidnet Reit Ltd avoided nearly £600,000 in corporation tax between 2018 and 2021 by obtaining REIT status that exempts companies from corporation tax for a period.
- The paper claims Quidnet did not meet the technical tests for REIT status and relied on a legal quirk to secure it.
- Tice says he complied with UK law and that Quidnet is a UK company paying UK tax.
- Tax avoidance is legal and distinct from tax evasion, which is a criminal offence.
Articles
- Labour calls for tax investigation into Reform's Tice www.bbc.com
- Inquiry launched into HMRC anti-fraud scheme that wrongly cut child benefits www.theguardian.com
- Britons should strive to pay minimum tax legally possible, says Richard Tice www.theguardian.com