Angela Rayner cleared by HMRC. What a coincidence!

Out of interest David49, how do you know she paid interest, as I don’t recall seeing that mentioned?

Primrose53

David49

Rayner would have got a fine of £8000 if she had been judged "careless" not declaring tax.
Usually the HMRC just impose the fine and let the tax payer appeal or accept it, as happened to Zahawi. Someone made the decision that loosing her job was punishment enough.

She didn’t lose her job. She resigned.

Correct of course, I wonder if Starmer would have sacked her if she hadn't resigned. Now she has paid what she owed plus interest I suppose the sky's the limit.

Btw I got a legacy on the donor's birthday recently - it wasn't JIT, it was just coincidence. I don't believe this has been speeded up, more than a few days anyway, because of the political situation.
There was a guy from the Sun on C4 yesterday who predicted that whoever takes over from Starmer is likely to be in the same position in 12 months time - whoever it is.I never thought I'd say it but I miss the days when the Sun was a/the major source of politics for a lot of people.

Maremia

Cleared...no wrongdoing...official.

Keep saying it - one word but that's one too many for some to grasp.

Oops crossed posts foxie48

Yes I do know that a cash buyer doesn’t walk into the Estate Agents waving a large wad of cash 🤦‍♀️

Having purchased as a cash buyer myself, you still have to provide a paper trail as to where the money has come from.

I assume the correct due diligence was done 🤷‍♀️

We paid cash for a student house for our daughter. We had to show where the money had come from and our solicitor was extremely thorough in checking that it had come from legal sources.

Farage paid cash for as far as I understand 2 houses - although the Clacton one is in his girlfriends name. (Waitressing is clearly more lucrative in France than the U.K.)

One 800000 and the other 1.5m.

This should at the very least be looked at for money laundering purposes.

Primrose53 is correct, it doesn’t mean you breeze in waving a wad of cash.

David49

Rayner would have got a fine of £8000 if she had been judged "careless" not declaring tax.
Usually the HMRC just impose the fine and let the tax payer appeal or accept it, as happened to Zahawi. Someone made the decision that loosing her job was punishment enough.

She didn’t lose her job. She resigned.

GrannyGravy13

LemonJam

There is also the Sky News story suggesting part of the £5million sum may have been used for property purchase- that would definitely be a personal advantage if paid for from the £5million sum and Farage has an interest in said property.

Yes, I have just had that pop up on my news feed.

Nigel Farage purchased a house for £1.5 million and paid in cash.

How the hell did he get away with that 🤷‍♀️

We had to jump through multiple hoops to prove who we were, where the money came from and how we had accumulated it, when we gifted a child a 5 figure sum towards their house purchase last year 😡

Buying a house as a cash buyer does not mean you literally pay in cash. It means you can pay outright without a mortgage or a loan or you do not have to sell another property.

Sellers like “cash buyers” as things move much faster.

If Farage had "earned" the £5 million he would have to have paid tax on it, so the £5 million is in effect worth nearer £10million to Farage. It is absolutely clear that he should have declared it within a month of being elected.

LemonJam

There is also the Sky News story suggesting part of the £5million sum may have been used for property purchase- that would definitely be a personal advantage if paid for from the £5million sum and Farage has an interest in said property.

Yes, I have just had that pop up on my news feed.

Nigel Farage purchased a house for £1.5 million and paid in cash.

How the hell did he get away with that 🤷‍♀️

We had to jump through multiple hoops to prove who we were, where the money came from and how we had accumulated it, when we gifted a child a 5 figure sum towards their house purchase last year 😡

This 'Pick A Prime Minister' game is almost an annual routine, innit?

Personally I would take tax advise from the solicitor who was dealing with the purchase of a house. Solicitors providing tax services are registered with HMCR as tax advisers.

Some of this is getting very holier than thou on here. So good to know we have some perfect people on here.

There is also the Sky News story suggesting part of the £5million sum may have been used for property purchase- that would definitely be a personal advantage if paid for from the £5million sum and Farage has an interest in said property.

NotSpaghetti

I thought they had to declare gifts given within a year of being elected, FriedGreenTomatoes2?

They do!

Maremia

When a Poster upthread says that the 5 million may have been an 'inducement' to stand as an MP, is that the same as saying Farage took a bribe?

Could be. If the sum was received between the date Farage stated he would not stand in the July 2024 GE, 23 May 2024 and 3 June when he declared he would be standing in the GE- it may have have been offered as an inducement to stand.

An inducement is considered a bribe when it is an "improper" influence, ie a reward for doing something or to secure a personal advantage that has not been legitimately earned.

Farage says the £5million was given to him for personal security ie a personal advantage but Farage did not "earn" the sum so could be deemed a bribe. He's going to rely on his case that Harborne is a "personal friend" yet he also gives Reform multi £millions in political donations so that's a defence that raises "concern" The rules are very clear that if there are such concerns, the amount must be declared and he didn't.

If Farage changed his mind to stand in GE directly as a result of receiving the £sum that also could be deemed a bribe, particularly if Farage is not able to evidence that any of the £5mllion sum has actually been personally spent on personal security.

Moii

That's why you go to a specialist tax advisor not a Solicitor as she was advised to do.

Exactly, you get what you pay for.

NotSpaghetti

We are currently dealing with a trust, probate and a house sale.
We have had conflicting advice from solicitors.

Just saying.

If AR had sought advise from a firm of solicitors rather than a firm of conveyancers she would have avoided the mess she got herself into.

I read somewhere that she rejected advice given to her by two Solicitors/ Barristers. Maybe one of them was KS.

Just saying

Whitewavemark2

If Farage has so much dosh washing around for “his security” how come he still can’t hold surgeries in Clacton, because of lack of security?

Didn’t you know? Clacton is a hotbed of hidden terrorists?

That's why you go to a specialist tax advisor not a Solicitor as she was advised to do.

When a Poster upthread says that the 5 million may have been an 'inducement' to stand as an MP, is that the same as saying Farage took a bribe?

Rayner would have got a fine of £8000 if she had been judged "careless" not declaring tax.
Usually the HMRC just impose the fine and let the tax payer appeal or accept it, as happened to Zahawi. Someone made the decision that loosing her job was punishment enough.