Monday briefing: Making sense of Nadhim Zahawi’s taxes

Nadhim Zahawi paid a seven-figure settlement to HMRC. Photograph: Daniel Leal/AFP/Getty Images

Good morning. The story of Nadhim Zahawi’s taxes has been rumbling on for months; now it may have finally come to a head.

After the Guardian revealed on Friday that Zahawi’s settlement of an HMRC tax bill worth millions included a seven-figure penalty, the Conservative party chairman and former chancellor gave his version of events – and said that his error was “careless and not deliberate”.