I’m sure the papers will be equally frothing about Farage tax dodging

“ Nigel Farage is using a private company to reduce his tax bill on his GB News media appearances and other outside employment in a television star-style arrangement that has in recent years become frowned on by major broadcasters.

The Reform UK leader diverts money from his prime-time TV show into his company, which means that he paid only 25% corporation tax on profits, instead of 40% income tax, and could offset some expenses.”

“ Farage claimed last year to have “bought a house” in his constituency, but the property is actually owned in the name of his partner, meaning he legally avoided higher-rate stamp duty on the purchase of an additional home – given that he already owns other properties.

The use of personal service companies is not illegal, but it has been criticised across the political spectrum as a way to reduce tax bills. Farage has declined to publish his tax returns for 2023/24.

Several broadcasters including the BBC, ITV and Channel 4 have cracked down on the practice in recent years. HMRC has repeatedly tightened the rules around off-payroll working (IR35) to stop this kind of tax avoidance.

The parliamentary register of interests shows that Farage has made nearly £400,000 from GB News since August 2024, for about 190 hours’ work. This suggests he is being paid more than £2,000 an hour by the news channel.

All payments for his GB News work are paid directly to his company, Thorn in the Side Ltd, of which he is the director and only shareholder. He has other paid roles including as a brand ambassador for gold bullion firms, speaking on the international circuit, and a Daily Telegraph column.”

Posted By: Tressells Broadbrush on September 5th 2025 at 09:07:40

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