Tax officials are understood to be examining whether David Cameron failed to fully disclose taxable perks such as flights on private planes when he worked for the collapsed lender Greensill Capital, the Guardian can reveal.
Cameron was embroiled in the Greensill lobbying scandal after he exploited contacts gathered during his tenure as prime minister to try to win business for the now defunct supply-chain finance company at the start of the pandemic in early 2020.
Cameron has holidayed extensively in Cornwall for many years, favouring the coastal resort of Polzeath as a destination while prime minister.
Such flights would constitute a benefit in kind, but the employer’s national insurance contributions and Cameron’s personal tax liabilities may not have been paid, sources believe.
Cameron was paid for his work at Greensill via an employee benefit trust in Guernsey, a tax haven in the Channel Islands.
It appears that Lex Greensill, the company’s founder, paid shares into and created this trust as a way to effectively pay Cameron an additional benefit.
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Tax officials are understood to be examining whether David Cameron failed to fully disclose taxable perks such as flights on private planes when he worked for the collapsed lender Greensill Capital, the Guardian can reveal.
Cameron was embroiled in the Greensill lobbying scandal after he exploited contacts gathered during his tenure as prime minister to try to win business for the now defunct supply-chain finance company at the start of the pandemic in early 2020.
Cameron has holidayed extensively in Cornwall for many years, favouring the coastal resort of Polzeath as a destination while prime minister.
Such flights would constitute a benefit in kind, but the employer’s national insurance contributions and Cameron’s personal tax liabilities may not have been paid, sources believe.
Cameron was paid for his work at Greensill via an employee benefit trust in Guernsey, a tax haven in the Channel Islands.
It appears that Lex Greensill, the company’s founder, paid shares into and created this trust as a way to effectively pay Cameron an additional benefit.
The original article contains 888 words, the summary contains 169 words. Saved 81%. I’m a bot and I’m open source!