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Dan Neidle Profile picture
@DanNeidle
Sep 6 • 3 tweets • 1 min read • Read on X
I’m not sure this story is correct. I’d expect GB News to apply IR 35 so Mr Farage is taxed just as if he was an employee.
Technically there is likely some doubt if they *have* to do that - the caselaw makes some v fine distinctions - but most businesses wouldn’t take the risk.
So GB News would be running a high risk of HMRC challenge if they just paid a fee to Mr Farage’s company.

Most businesses wouldn’t do that.

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More from @DanNeidle

Dan Neidle Profile picture
Sep 4
Last Tuesday, I awoke to an email from the High Court, rejecting an attempt to silence me with an interim injunction

This came as a surprise, because I'd no idea anyone had applied for an injunction. Even though this was an "on notice" injunction application

A quick WTF 🧵 Image
Longer version of this thread, with copies of the injunction application and the court's response.

(Spoiler: it wasn't a very favourable response)

taxpolicy.org.uk/2025/09/04/set…
What kind of lawyer would apply for an "on notice" injunction without giving notice?

The answer: the "leading tax barrister in the country"

At least that's what tax barrister Setu Kamal wanted me to describe him as. Or he'd sue me. Image
Read 19 tweets
Dan Neidle Profile picture
Sep 4
The Telegraph says Ms Rayner sought advice from "a conveyancer and two experts in trust law".

So how could they all get the law wrong? A 🧵
with some speculation.

(Pure speculation, but based on my experience of how clients and advisers behave.) Image
Some possible scenarios:
1. the Telegraph is wrong (or was wrongly briefed), and Ms Rayner either didn't approach the right lawyers, or didn't disclose the trust to them.

If that's what happened, then fair to blame Ms Rayner. She was careless (in my view).
Read 22 tweets
Dan Neidle Profile picture
Sep 3
It's very unusual for someone to pay the wrong amount of stamp duty when they're receiving tax advice.

There are probably three possibilities:

(1) Ms Rayner got the law wrong
(2) She didn't take the right advice
(3) She didn't disclose all the facts to the law firm. Image
If it's the law firm's fault, then hard to blame Ms Rayner.

If it's scenario 2 or 3, then completely fair to blame her

Given Ms Rayner's position, it's reasonable to expect full transparency as to what happened
It sounds like it's para 12 Sch 4ZA Finance 2003 that applied. A trust in favour of child can deem the parents as still owning the property.

Yes, the rules are complicated, but if you can't advise on complex stamp duty then you shouldn't be advising on stamp duty. Image
Read 4 tweets
Dan Neidle Profile picture
Sep 3
Every Monday am, we publish an updated list of every UK plc that's failed to file its accounts on time.

Sometimes a company is on the list because of Companies House delay/error.

Often, the companies are troubled, bust, or incompetent.

But sometimes it's just fraud: Image
Randomly clicking through the list, it's pretty obvious which are just innocent errors, incompetence, etc... and the frauds quickly stand out.

Meet Herran Finance plc. Image
Let's look at Herran Finance plc's last accounts.

Supposedly it's dormant. It had £59,892,205 cash in 2020 and exactly the same in 2021. It made no interest or other return. Had no expenses of any kind.

I don't think so. The accounts are fake. Image
Read 12 tweets
Dan Neidle Profile picture
Aug 24
How much tax do we pay in the UK, compared to other countries?

This much: Image
Or if we order it by income/payroll taxes instead: Image
The underlying data comes from the wonderful OECD data explorer. I've then made some subjective choices re categorisation (for example moving capital gains tax from an "income tax" to a "property/wealth" tax).

All details and code here: github.com/DanNeidle/oecd…
Read 5 tweets
Dan Neidle Profile picture
Aug 22
Hugely important libel victory for the Guardian vs actor/director Noel Clarke. There are "strong grounds to believe he is a serial abuser of women". Image
Image
Equally important, even if the Guardian hadn't been able to establish its accusations were true (a high burden) it would still have prevailed, as its publication was in the public interest: Image
There were some very strange things going on with Mr Clarke's witnesses:Image
Image
Read 9 tweets

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