Nigel Farage paid through private company for GB News work
Nigel Farage is reportedly using a private company for payments from his GB News appearances and other employment outside of parliament. Payments for the Reform UK leader’s appearances on his prime-time show are made to his company, meaning he pays only 25 per cent corporation tax on the profits instead of 40 per cent income tax. It could also allow Mr Farage to offset some expenses, The Guardian reported.Money for his GB News work goes directly to his company, Thorn in the Side Ltd, of which he is the director and only shareholder, according to the newspaper. Its latest accounts show that it had £1.7m in cash in May, up by more than £1m in the past year. He has made more than £400,000 working for the TV channel since the general election, being paid more than £2,000 an hour for his appearances. A spokesman for Mr Farage said: “Thorn in the Side Ltd has traded for 15 years and has a variety of interests. It renders the services of several contractors and is a properly functioning company.”Nigel Farage is paid by GB News through a personal services company More