Nandalot is absolutely right- Farage is using his personal services private company to reduce his tax bill. Thus all the income he pays into this company he draws down as a dividend that attracts 25% corporation tax AFTER he has offset and deducted "expenses". All earnings over £50,270 attract 40% tax payable and over £125,140 attracts 45% tax payable so his Ltd company arrangements are saving Farage significant sums of money.
He makes £94,000 a year as an MP, his GB news earnings are over £400,000 a year and has further earnings above these 2 jobs... some of which, particularly in the US may be paid as "expenses" to his personal services company it is alleged. We don't know for sure as he has has declined to publish his tax returns when asked....
He has criticised people who have tried to avoid tax in the past as "the common enemy" yet aside from his personal services company so he can reduce his tax payable he also set up a trust fund in an offshore haven. I have no idea how that interacts with his personal services company for further potential personal financial benefit.
His personal services limited company is called "Thorn in the side" (how he likes to see himself?) and it also owns 2 investment properties that in themselves generate additional income.
Farage also set up as a limited company (with him owning the majority of shares at that time) The Brexit Party Ltd in 2018, changed name to Reform UK Party Ltd until 16 May 2025 now known as Reform 2025 Ltd. Was worth around £2.6million up from £2m in 2021, growing exponentially. Farage handed over significant control of his LTD company he has now relinquished significant control of this Ltd company to the Reform Party, but I have no idea how much money Farage may have been paid for his major shareholding for him to agree to this.
He is a rich man by any accounts, which is not in any way a crime. However The Nolan Principles of Public Life (ethical standards all MPs required to adhere to ) mean that Farage, and must be selfless and act SOLELY in terms of the public interest. He should not act or take decisions in order to gain financially or for other material benefits for himself in his MP role.
It is one thing to publish his earnings that is only a starting position.
It is for the electorate to decide whether Farage acts selflessly, with integrity, objectively, with accountability, is open and honest. I suggest he should publish his annual tax RETURN each year until the next GE to openly declare how much tax he has saved/avoided and how close/far away he is from meeting his MP ethical standard obligations. He can dish it out after all....