NADHIM Zahawi, the former chancellor and chairman of the Conservative Party, has agreed to pay millions of pounds to settle a tax dispute with the HMRC.
The MP, who now serves as a minister without portfolio in Cabinet Office, has agreed to pay a seven-figure sum to the taxman after scrutiny of his family’s financial affairs, according to the Sun. The paper said the dispute was linked to his family trust, the Gibraltar-registered Balshore Investments.
In July 2022, while he was running in the race to take over as Tory leader which was eventually won by Liz Truss, Zahawi was reportedly being investigated by HMRC after a secret inquiry was initially launched in 2020 by the National Crime Agency (NCA).
