Tories retain candidate who took £54,000 in illegal dividends and repaid £2,000

“A Conservative parliamentary candidate who has been praised by Boris Johnson is facing questions over why he received an illegal dividend from a security firm that went into administration owing £271,000 in tax.

Stuart Anderson, who is trying to overturn a Labour majority of 2,185 in Wolverhampton South West, was a director and major shareholder of Anubis Associates for eight years until 2013 when the firm collapsed.

The firm, which trained security guards, was wound up by administrators who noted that Anderson had received more than £54,000 in unlawful dividends. He later repaid £2,000.

It comes amid criticism from unions that the Conservatives have failed to rein in malpractice in business.

When Anubis went under it owed £271,738 to HM Revenue and Customs in VAT, PAYE, national insurance and deferred taxation, documents show. Another 59 unsecured creditors were owed £179,330. Secured creditors received a portion of what they were owed.

Anderson, a former soldier and a Brexit supporter, had not mentioned his involvement with the firm in his online biography or during interviews. When approached by the Guardian, he said he complied with all his legal obligations. …”

https://www.theguardian.com/politics/2019/nov/22/tory-candidate-got-illegal-dividend-from-firm-that-went-bust?CMP=Share_iOSApp_Other

One thought on “Tories retain candidate who took £54,000 in illegal dividends and repaid £2,000

  1. Well that’s OK then. Providing you “comply with all legal obligations”, you can still take unlawful dividends (though that seems contradictory) and fail to pay them back with impunity, and then go on TO BE SPONSORED AS A CANDIDATE BT THE CONSERVATIVE PARTY.

    This is not simply the Conservative Party turning a blind eye – they are explicitly sponsoring him and funding some of the (central) costs of his candidacy – and that is something far, far worse.

    Conservatives – For the few (illegal dividend takers) not the many.

    Like

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