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allegations are and what questions have yet to be answered. did you switch off your lights in the last hour? up to a million people are paid to use less electricity to avoid blackouts. and manager frank lampard is sacked by everton after just a year as the team faces relegation. and coming up in sport on the bbc news channel. no stopping novak djokovic chasing a record extending tenth title in melbourne he cruises into the quarter finals of the australian open. good evening and welcome to the bbc news at six. rishi sunak has asked his independent ethics adviser to look into the tax affairs of the conservative party chairman and former chancellor nadhim zahawi. the prime minister has resisted calls to sack mr zahawi but says, clearly, there are questions that need answering. mr zahawi paid a penalty believed to be around £5 million to the tax authority hmrc for unpaid tax while he was chancellor. mr zahawi says he made a careless error and is confident he has acte ....
former adviser to george w bush. welcome to the programme. rishi sunak has ordered an inquiry into the tax affairs of nadhim zahawi, the man he appointed as chair of the conservative party. the ethics adviser sir laurie magnus, a former investment banker, has been asked to get to the bottom of everything , following reports mr zahawi was forced to pay a fine and millions of pounds in unpaid taxes to hmrc. it is quite the turn around. on wednesday the prime minister told the commons there was nothing further to investigate. mr speaker, my honourable friend has already addressed this matter in full, and there is nothing more i can add. but there are plenty of questions that remain unanswered. number 10 says, it was only this weekend the prime minister became aware of penalties mr zahawi had paid to the tax office, while serving as chancellor. in that role, mr zahawi was nominally, overseeing the work of the tax office. a complicating factor. integrity and accountability ....
Was allocated to a company called balshore investments ltd, which was based not in the uk, but in the british 0verseas territory gibraltar and this was owned by nadhim zahawi s parents. dan neidle is a labour supporting tax lawyer who s been leading the investigation into mr zahawi s tax affairs particularly relating to balshore investments. he claims that when the yougov shares were sold in 2005, the trust made at least £27 million of capital gains. this is mr neidle s calculation, not the bbc s. mr neidle estimates that if this had been liable for uk capital gains tax, 3.7 million would have been owed. we know that on 18th january this year, a representative for mr zahawi said, neither he nor his direct family are beneficiaries of balshore investments or any trust associated with it. in which case, why has mr zahawi just settled a multi million pound tax bill? ....
While chancellor, he paid around £5 million to settle a tax dispute. the guardian reports there was a 30% penalty, though the bbc can t confirm this. to understand this story, we need to go all the way back to 2000, before nadhim zahawi was an mp. it was then that he co founded the polling company yougov. now, his co founder was stephan shakespeare, and he took over 40% of the shares in the company. mr zahawi, though, we know from the documentation, took no shares at all. instead, 40% of the shareholding was allocated to a company called balshore investments ltd, which was based not in the uk, but in the british 0verseas territory gibraltar and this was owned by nadhim zahawi s parents. now, dan neidle s a labour supporting tax lawyer who s been investigating mr zahawi s tax affairs, particularly relating to balshore investments, and he s claimed that when yougov shares were sold in 2005, ....