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Liberty Rock and the fraudulent “bill Liberty Rock and the fraudulent “bill of exchange” scheme Zack Polanski’s boat, council tax, and Zack Polanski’s boat, council tax, and electoral law Why UK taxes are rising, but Why UK taxes are rising, but public services will get worse. Why Angela Rayner is likely to Why Angela Rayner is likely to pay £8,000 in HMRC penalties Richard Tice signed accounts wrongly claiming Richard Tice signed accounts wrongly claiming £98k tax exemption

May 14, 2026 Investigations

Liberty Rock’s claim that a magic cheque can pay your tax

A business called Liberty Rock is marketing a bizarre tax “solution”: supposedly paying your tax by sending HMRC a “magic cheque” which claims to be a bill of exchange. HMRC has issued a “tax fraud” warning about these schemes. We agree: this looks like fraud. We are publishing full details of the Liberty Rock scheme, […]

Lee Valley marina

May 11, 2026 Investigations

Zack Polanski’s boat: if his “home”, he failed to pay council tax. If only there “occasionally”, he broke electoral law.

Zack Polanski and his partner lived on a boat for three years, and described it as their “amazing home”. Mr Polanski was registered to vote at a nearby bungalow. If, as seems likely, that was his main residence, then Mr Polanski and his partner should have paid council tax there – but they didn’t. Mr […]

Government revenue relative to 2025

—= UK Advanced economies =< Advanced economies minus US —. United States

—— Germany = France Japan Canada = italy

South Korea

Australia —=——— Spain == Netherlands Poland

20

0, T ; T T ; T 1 1 T 1
1980 1985 1930 1995 2000 2005 2010 2015 2020 2025 2030

Apr 29, 2026 Analysis

Tax will go up but public services will get worse. This is why.

UK tax as a percentage of GDP is on course to be the highest since 1945. Over the next four years it will increase further. Government spending won’t increase as a percent of GDP over this period; given the ageing population, that means public services for most people are likely to decline. This article looks […]

Apr 18, 2026 Investigations

Richard Tice signed accounts wrongly claiming £98,000 of tax exemptions

Richard Tice, the deputy leader of Reform UK, used his Quidnet property company’s REIT status to save tax. That meant Quidnet itself paid no corporation tax on its property business – but the quid pro quo was that its corporate shareholders had to pay tax on the dividends they received. They did not. Instead, Mr […]

photo of Richard Tice

Apr 13, 2026 Investigations

The questions Richard Tice isn’t answering

Richard Tice isn’t denying that Quidnet REIT, his property company, failed to pay around £120,000 of tax when it paid dividends to Mr Tice and his offshore trust. He says it doesn’t matter, because he paid tax in full. That’s wrong: Quidnet’s failure to withhold REIT tax was unlawful, and the £120,000 remains due. But […]

photo of Richard Tice

Apr 11, 2026 Investigations

Richard Tice’s property company failed to pay £120,000 in tax

The deputy leader of Reform UK, Richard Tice, owns a property company – Quidnet REIT Limited. From 2020 to 2022 it paid around £600,000 of dividends to Mr Tice and his offshore trust. Quidnet was required by law to withhold approximately £120,000 of tax from those dividends and pay it to HMRC. But we believe […]

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