Article 6ZT4K Nigel Farage uses private company to pay less tax on GB News earnings

Nigel Farage uses private company to pay less tax on GB News earnings

by
Pippa Crerar Political editor
from World news | The Guardian on (#6ZT4K)

Exclusive: Reform leader's use of television star-style arrangement is a practice criticised across the political spectrum

Nigel Farage is using a private company to reduce his tax bill on his GB News media appearances and other outside employment in a television star-style arrangement that has in recent years become frowned on by major broadcasters.

The Reform UK leader diverts money from his prime-time TV show into his company, which means that he paid only 25% corporation tax on profits, instead of 40% income tax, and could offset some expenses.

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