The deputy leader of Reform UK, Richard Tice, owns a property company - Quidnet REIT.

From 2020 to 2022 it paid Tice and his trust £600k in dividends. Quidnet should have paid £120k of tax on those dividends. It didn't.

A 🧵 with evidence from the company's own filings:

April 11, 2026 - 19:46 UTC

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Surprise surprise
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Oh I’m here for this 🍿
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But Yusuf said on Sky it's a non story. So that's okay then.
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What was it Tice was saying about Angela Rayner and stamp duty?
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Rayner resigned for less. Tice has to go.
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For much less... 😔
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Will Dan Hodges be reporting this?
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From 10 August 2018 to 9 August 2021. Quidnet was a REIT: an investment fund that invests in real estate.

Just as an employer is required to withhold PAYE tax from wages, a REIT is required to withhold 20% income tax (20%) from its dividends, and pay it to HMRC.
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Combining stock exchange announcements and Companies House reporting shows that Quidnet paid around £600,000 in REIT dividends to Mr Tice and his offshore trust.

(methodology in the report, linked below)
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This is true
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Great work Dan! Let's see how the media responds and compare it to how they responded to Rayner's mistake.
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And will UK media be all over this?

#MediaReform

I doubt it
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Surprise, surprise, tice’s company doesn’t pay taxes due knowing full well that HMRC will in all probability never investigate (& if they ever did he’d cry political harassment). This may force their hand but I wouldn’t hold my breath they’ll actually do anything about it.
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There should be an HMRC team that full time investigates MPs tax affairs.

And the parties should have staff helping MPs keep their finances straight.

This is a basic level of honesty that we should be able to rely on for a group of 650 people running the country.
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Oh oh these are the people that will change our lives for the better - feck will they
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This does feel like it falls more into the Angela Rayner tax error (although imho, hers was more a more obscure error). Will be interested to see how the media treat it and how Reform differentiate it.
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Ha. I think we know it’ll be treated very differently to Rayner’s situation.
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If you buy a home you're expected to know how to get tax right. But you could just be someone who needs a home and hasn't had legal training in the tax implications.

If you operate a REIT and you are incompetent, that's 100% on you.
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Excellent post Dan. Keep up the good work exposing tax cheats.
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No wonder Nadhim Zahawi feels so at home in Reform.
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Richard pay no tax Tice
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It almost like he has form in this area:

www.independent.co.uk/news/uk/politics/richard-tice-tax-reform-uk-b2939600.html
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Good work Dan
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Surely this is much more straightforward a case than Rayner’s was? Paying tax on dividend payouts is increasing stuff. I know @danneidle.bsky.social has to be careful with what he says, but this stinks.
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Absolutely no surprise this has happened and no doubt it’ll be an ‘honest mistake’! but it’s the hypocrisy. He claims it’s a non story yet Angela Rayner’s much smaller tax issue made her position untenable and she was the spawn of the devil. MSM should be all over this
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Will Chris Mason of the BBC talk about it incessantly for the next month.
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Probably not 🤨

#Mason
#BBC
#MemeForToday
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Do your thing @carolvorders.bsky.social
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One for you @zackpolanski.bsky.social
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Excellent work Dan. Mr Tice’s behaviour as an MP leaves much to be desired and so it is no surprise that his past is filled “mistakes” like this
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What is his performance like in the constituency? How do people who attend his surgeries rate him?
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'Patriot'
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Thanks, Dan 🙏🏼
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With full receipts! Excellent work, Dan.
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I assume he will be resigning as an MP now ?
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Go Dan Go. But my suspicion is that this could be tax evasion
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This is immense. Thank you!
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Great work Dan. Again. 👏
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It's worse than I thought. Not just underpaying company taxes but specifically not paying tax on his own earnings! I wonder if Reform UK ltd pays dividends to it's directors?
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Great work, Dan. It's a source of shame that he's my MP.
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