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Nadhim Zahavi “is being investigated by RA Revenue and Customs for his tax affairs”

Nadhim Zahavi is being ‘investigated by HM Revenue & Customs over his tax affairs’ after Downing Street officials ‘raised concerns’ Boris Johnson before being appointed chancellor.

Offshore tax experts have “launched an investigation” into the Tory leadership candidate’s finances after the National Crime Agency (NCA) received information known as the UK version. The FBI‘.

Following an NCA investigation in 2020, “no evidence was found that met the criteria for criminal charges”.

Experts from the Serious Fraud Office (SFO) are also believed to have investigated the newly appointed chancellor’s finances, reports said. The Independent.

Mr. Zahavi, 55, has denied any wrongdoing and promised to cooperate fully with anyone. HMRC: inquiries following the report The Sunday Times.

“All financial interests of Mr. Zahavi are properly and transparently declared.

“Mr Zahavi is not aware of any formal investigation by HMRC. All of his taxes are fully paid and current. He will provide full information to any HMRC inquiries about his tax affairs.”

A senior Whitehall source also told The Independent that the inquiry, which is being overseen by the Treasury, which Mr Zahavi began leading just three days ago, is currently “unresolved”.

The Prime Minister, Home Secretary Priti Patel and the Cabinet Office were briefed on the investigation before Mr Zahavi was appointed.

The request comes after civil servants Boris Johnson was reportedly told by the Cabinet Office’s propriety and ethics team about the HRMC ‘flag’ before he was appointed chancellor. The watcher reports.

Newly appointed chancellor Nadhim Zahavi (pictured) is being ‘investigated’ by HM Revenue & Customs over his ‘tax affairs’ after officials ‘flagged’ Boris Johnson.

HMRC's offshore tax officers have 'launched an investigation' into the Tory leadership candidate's finances after information was passed to them by the National Crime Agency (NCA), known as 'Britain's version of the FBI' (file image)

HMRC’s offshore tax officers have ‘launched an investigation’ into the Tory leadership candidate’s finances after information was passed to them by the National Crime Agency (NCA), known as ‘Britain’s version of the FBI’ (file image)

The source told the newspaper. “It is extraordinary that flags were raised by the Downing Street ownership team ahead of Nadhim’s appointment.

“These kinds of concerns would stop anyone getting an MBE or an OBE. The idea that he could be chancellor or even prime minister is unbelievable.”

A spokesperson for the Cabinet Office told MailOnline. “Under the Ministerial Code, ministers must ensure that no conflict arises or is reasonably perceived to arise between their ministerial position and their personal interests, financial or otherwise.

“The Chancellor followed the process set forth in the Ministerial Code and fulfilled those requirements to the satisfaction of the previous Independent Advisors.

Meanwhile, Mr Zahavi began his Conservative leadership speech last night with a thinly veiled jab at his rival Rishi Sunak, saying “we cannot tax our way to prosperity”.

He previously served as education secretary, which he took over from Gavin Williamson last September.

Mr Zahavi appeared to take aim at the man he replaced as chancellor in dramatic circumstances last week, declaring the “tax burden is too great”.

The comments will be seen as a bid to curry favor with Tory MPs, who accuse Mr Sunack of trashing the Tories’ low-tax credentials.

But The Mail on Sunday was told Mr Zahavi began distancing himself from his predecessor within 24 hours of replacing him.

Sources said Mr Zahavi told a Tory fundraising event on Wednesday that “being a Conservative chancellor with conservative values ​​means being a party of low taxes”.

Coincidentally, the new chancellor was speaking at the same Carlton club venue where a week earlier former Tory MP Chris Pincher was accused of groping two men in an incident that eventually led to Boris Johnson’s resignation.

Sources close to Mr Zahavi told The Mail on Sunday that the prime minister had

Sources close to Mr Zahavi told The Mail on Sunday that the prime minister had “no resentment” over his behavior last week and wanted him to deliver a “conservative economic strategy” as chancellor.

The launch of Mr Zahavi’s leadership comes amid claims he did himself a “huge disservice” last week by accepting Mr Johnson’s promotion only to then call for his resignation.

One minister and Johnson stalwart said last night: “Nadhim’s behavior last week turned a lot of people away from him.”

However, sources close to Mr Zahavi told The Mail on Sunday that the prime minister had “no resentment” over his behavior last week and wanted him to deliver a “conservative economic strategy” as chancellor.

Mr Zahavi, who also served as Covid vaccine minister during the pandemic, made tax cuts the cornerstone of his pitch to succeed Mr Johnson.

The millionaire ex-businessman who co-founded polling company YouGov and built A £100m property portfolio says: “The tax burden is simply too great.

One minister and Johnson stalwart said last night:

One minister and Johnson stalwart said last night: “Nadhim’s behavior last week turned a lot of people away from him.”

“As an entrepreneur and businessman, I know that low taxes are how we create a thriving and dynamic economy.”

Claiming that “taxes for individuals, families and businesses” would be lower “in my mind”, Mr Zahavi added: “Managing the highest tax burden since 1949 is not conservative. We cannot tax our way to prosperity.”

As a Kurd who was born in Iraq and arrived in the UK aged 11 speaking no English, he has previously hailed Britain as “the best country in the world”.

But yesterday Mr Zahavi, who also said the “Conservative Party made me who I am today”, warned that the Britain of “boundless optimism and opportunity” that existed under Margaret Thatcher had been lost.

Winning over conservative Brexiteers, however, he appeared to raise Britain’s exit from the EU as one way to recover those lost opportunities. He said. “Thanks to Brexit, we are now a free people. Let’s not just talk about the next opportunities, let’s use them.”

Mr. Zahavi also pledged to increase defense spending and continue his education reforms.

MailOnline has contacted HMRC for comment.

Nadhim Zahavi “is being investigated by RA Revenue and Customs for his tax affairs”

SourceNadhim Zahavi “is being investigated by RA Revenue and Customs for his tax affairs”

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