Tory Party Chairman Nadhim Zahawi has attempted to defuse the situation on his tax affairs - by admitting that he paid a reported seven-figure sum to HMRC to cover capital gains tax.

He said his father took founder shares in YouGov and that HMRC later "disagreed about the exact allocation", leading him to "settle the matter and pay what they said was due".

Read more on this story here: https://bit.ly/3iSB8wJ
...and here: https://news.sky.com/politics

#nadhimzahawi #tax #chancellor #governement #conservative #hmrc

SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews

Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews

For more content go to http://news.sky.com and download our apps:
Apple: https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8
Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB

Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí https://www.youtube.com/channel/skynewsespanol
Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden: https://www.youtube.com/channel/UCHYg31l2xrF-Bj859nsOfnA

To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales