Reform UK Investigates Potential VAT Underpayment
Reform UK has launched an investigation into whether it underpaid VAT on thousands of pounds of ticket and merchandise sales.
The investigation follows a report by The Times, which claimed that the party may have breached the law and could face a fine from HM Revenue and Customs (HMRC).
- Political parties are required to pay VAT on certain activities, such as ticket and merchandise sales, over the value of £90,000.
- Reform UK reportedly exceeded this threshold last autumn following ticket sales for its conference in Birmingham.
The Times reports that filings published by the party in August showed that it made £438,296 from “merchandise sales and events” in 2024.
Author's summary: Reform UK investigates VAT underpayment on merch and tickets.
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