Nadhim Zahawi refused to answer questions on his political future this morning as a Tory MP said it was time for him to step 'aside' and an ex-minister branded the former chancellor 'toast'.
into Mr Zahawi but resisted calls to sack him, saying he retained"confidence" in his colleague.
The inquiry by new ethics adviser Sir Laurie Magnus is expected to focus on whether the cabinet minister breached the ministerial code with thebut it could extend to his prior tax arrangement and whether he lied to the media. Sky News understands that, as part of a settlement with HMRC, Mr Zahawi paid a penalty to the tax collector.
The exact size of the settlement has not been disclosed, but it is reported to be an estimated £4.8m including a 30% penalty.Questions were first raised about Mr Zahawi's tax affairs last summer when he was running to be party leader, but the senior Tory MP insisted at the time that he was
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nadhim Zahawi faces first Tory calls to quit amid reports he 'settled HMRC dispute while Chancellor'Conservative Party chairman Nadhim Zahawi has faced his first Tory call to quit after he admitted that 'errors\u201d in his tax affairs had been deemed \u201ccareless\u201d by HM Revenue & Customs.
Read more »
Former Tory leader urges Nadhim Zahawi to 'clear up' questions over tax affairsQuestions remain unanswered after Nadhim Zahawi admitted to paying a settlement to HMRC following a tax error, with Labour and a former Tory leader urging him to come clean.
Read more »
Former Tory leader warns Nadhim Zahawi to clear up tax row as questions remainNadim Zahawi has been warned to clear up his tax dispute with HMRC soon as Labour ramp up the pressure on the former Chancellor.
Read more »