Dan Neidle Profile picture
Jan 22, 2023 12 tweets 3 min read Read on X
#Zahawi update: his lawyers have written to me, denying that HMRC investigated him under COP 9, the procedure for investigating fraud. Since they are in such a helpful mood, I'm optimistic they'll answer some further questions. Full correspondence below:
My email:
The Osborne Clarke reply:
And my response:
I have updated my list of Zahawi questions to reflect the COP 9 answer.
Obvious addition: anyone thinking of sending abusive messages to Ashley should ask themselves some pretty fundamental questions.
I publish Ashley’s name because I believe lawyers engaging in SLAPP should be accountable, to the public and to their other clients.
A response from Zahawi's lawyer:
The last time Ashley suggested I contact Zahawi's press officer, it did not go well:
But I am hopeful this time is different, so:
You can bookmark this thread to catch the reply.

But I probably wouldn't bother.
I'm delighted to say I received a response to my questions. The response says that Mr Zahawi is not going to answer any questions:

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More from @DanNeidle

Oct 17
This is so dumb

1. There are under 200 billionaires in the UK. If they all sell their houses, the impact on the property market will be *tiny*.

2. But why would they sell? They probably spend only a few months here now. If they become non-resident they’ll spend a bit less.
Much media discussion of “will they leave?” badly misunderstands this.

Very wealthy people have multiple houses in multiple countries. “Leaving” would in most cases be a small lifestyle change.

They’re not selling their Mayfair townhouse.
This is *good* for the pro-taxing-wealth folk in one sense: the wider economic impact of very wealthy people leaving may be small.

But bad in another: it’s easy for them to become non-resident. And then we get much less tax from them.
Read 4 tweets
Oct 16
The intellectual shallowness of wealth tax proponents is something to behold.
The Wealth Tax Commission was a serious undertaking. They published a lengthy paper and *seven* background papers on valuation.

Valuation problems were one of the key reasons the Commission recommended *against* an annual wealth tax. Image
Image
We summarised the issues here taxpolicy.org.uk/2025/07/22/uk-…
Read 9 tweets
Oct 10
Big development on our July storyabout a dodgy tax relief claim by Dundee United and tax firm ZLX.

The club made a huge claim for R&D tax relief which said that 24% of the players' time, and 80% of the chef's time, was spent on "research and development".

Not credible. Image
ZLX denied the document had been sent to HMRC (but then why was it prepared and signed?).

Dundee United's FD denied signing it. But his electronic signature was on it.

A report in the Courier has two big developments: thecourier.co.uk/fp/sport/footb…
First, an ex-Dundee United director confirms Dundee signed the document, and it was submitted to HMRC. Image
Read 8 tweets
Oct 9
Who benefits from the abolition of stamp duty land tax?

The first answer: people buying very expensive homes. Average saving for someone buying a £10m+ home is £1.7m. Average saving for someone buying a £250k-£500k home is £5k. Image
The second, truer, answer: people who currently own very expensive homes.

The evidence is that stamp duty is economically paid by sellers - it reduces property prices.

(I went through the evidence for that here ) taxpolicy.org.uk/2024/06/09/sta…Image
So the immediate effect of abolishing stamp duty is that house prices rise, with a disproportionate benefit for people in £10m+ homes.

Abolition would literally be handing them £1m+
Read 11 tweets
Oct 2
Lots of people asking about the Government's prospects for recovering the £120m from Barrowman/Mone/their companies

Short answer: I don't know. I'm not an insolvency specialist. No clue how the £120m was paid out to them from PPE Medpro

So I have no technical answer

But...
(The background: PPE Medpro itself is in administration, with almost no cash to its name. So no money is coming from it - and the question is whether the Government can pursue the money elsewhere.)
This is the confidential settlement offer Barrowman/Mone made to the Government, offering to settle the litigation for £23m.

(We'd never normally see this, but for unfathomable reasons, Mone posted it on X.) Image
Image
Read 7 tweets
Oct 2
Douglas Barrowman and Michelle Mone's company, PPE Medpro, has just been ordered to refund the Government £122m from a PPE contract.

There are two very odd things about PPE Medpro that may affect the odds of the Government ever getting that £122m...

Thread: Image
The first odd thing: there two PPE Medpros.

One incorporated in the UK. The other incorporated in the Isle of Man. Both Barrowman-linked companies. Image
Image
Creating identically named companies isn't normal. Normal businesses go out of their way *not* to do this.

It's dangerous, because it risks the names being switched by accident, e.g. on a document. I saw a case like this: it cost a large business £10m.
Read 20 tweets

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