Nadhim Zahawi Apologizes for Nearly £5M Tax Error Settlement

May 12, 2024, 11:05 AM

Former Chancellor Nadhim Zahawi has apologized for not being sufficiently explicit about the details surrounding a nearly £5 million settlement with HMRC for a tax error. This settlement included a penalty related to how he apportioned shares in YouGov, a company he co-founded. Zahawi has expressed regret over the handling of the situation, which ultimately led to his dismissal from his position.