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Reform UK reviewing VAT underpayment on £438K in sales after missing registration deadline.
Reform UK is reviewing potential underpayment of VAT on ticket and merchandise sales after exceeding the £90,000 threshold for taxable income, according to a Times investigation.
The party made £438,296 from events and sales in 2024, including its Birmingham conference, but did not charge VAT or register for the tax until April despite a legal obligation.
HMRC rules require political parties to pay VAT on commercial activities, though not on donations.
Reform UK acknowledged the oversight, attributing it to past confusion about VAT rules, and said it is working with advisers to settle any liabilities, with no evidence of intentional evasion.
Reform UK revisando el pago insuficiente del IVA en £ 438K en ventas después de perder la fecha límite de registro.