A property company founded and formerly owned by Reform UK deputy leader Richard Tice failed to pay £91,000 in tax before distributing dividends, according to reports verified by Companies House records. The party has described the matter as a "minor administrative error".
The company, Thornsett Properties Ltd, was required to pay corporation tax before issuing dividends to shareholders, which included Mr. Tice. Records show the tax was paid in full, but after the dividends were distributed, constituting a breach of company law.
Reform UK stated the error was identified and rectified by the company's accountants, with all tax and associated penalties paid. They emphasized Mr. Tice was not involved in the day-to-day financial administration of the firm at the time.
The incident was reported by The Guardian and other outlets in March 2026, based on filings at Companies House. The error occurred in the company's accounts for the year ending March 2023.
