Breaking: Ken Tells Marr Tax Dodge Company Funds Campaign Electoral Commission Records Show No Donations

Under pressure on the BBC’s Marr show this morning an uncharacteristically nervous Ken Livingstone claimed that Silveta Limited, the company he owns with his wife which is at the centre of tax avoidance allegations, funded two of his campaign staff. Such a donation would by law need to be recorded either as a cash donation or a “donation in kind” to the London Labour Party which funds Ken’s campaign. A quick check of the donation records filed with the Electoral Commission shows no record of any donation being made by Silveta Limited. Failure to comply with electoral laws on declaring donations led to Peter Hain resigning from the Cabinet and a police investigation into his deputy-leadership campaign donations. Either Ken lied to Marr or he failed to register the campaign donations from the company.

Millionaire Ken claimed previously that his huge earnings were a one off circumstance in 2010 after he lost the mayoralty and was still in demand. Companies House records released on Friday show that actually he funnelled another £238,646 through the corporation in 2011 as well. Making a total of well over half-a-million pounds earnings in just two years from media fees paid by among others LBC and Iran’s Press TV…

Given that he used Silveta Limited to invoice the Iranian government-controlled Press TV for his appearances, it would appear that Ken is admitting that his campaign to become mayor of London is in part funded by the Iranian regime in Tehran. An admission which will only add to suspicions in the London Jewish community that Ken is not to be trusted.

UPDATED: Andrew Gilligan makes a telling point which will further add to Ken’s difficulties. This morning Livingstone nervously told Andrew Marr, in a way that he clearly hoped would somewhat mitigate matters, that he had used Silveta’s bank accounts to pay a

“talented economist to sit down and spend a lot of time going over the [City Hall] books. I’ve got people handling the media. I employ at the moment two people.”

As well as the problem with those company donations not being declared to the Electoral Commission, which is a breach of the laws on campaign funding, he has almost certainly broken the laws regarding company expenses allowable against corporation tax. To be offset against tax company expenses must be “wholly, exclusively and necessarily” incurred “for the purposes of the company”. HMRC should take a very close look at Silveta Limited.




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

A friend of David Cameron responds to his request for a lunchtime game of tennis:

“Sorry, can’t make it; I have a job.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Sunday Shows Sunday Shows
Watch: Brillo’s Message to Terrorists Watch: Brillo’s Message to Terrorists
Channel 4 and Guardian Sanctimony Backfires Channel 4 and Guardian Sanctimony Backfires
We’ve Named the Wrong Man: Channel 4 News in Shocking Blunder We’ve Named the Wrong Man: Channel 4 News in Shocking Blunder
PICTURED: Minister Tobias Ellwood Gives CPR PICTURED: Minister Tobias Ellwood Gives CPR
Westminster Attack – How it Happened Westminster Attack – How it Happened
Gallery Guido’s PMQs Sketch Gallery Guido’s PMQs Sketch
HS2 Gravy Train Rides Again HS2 Gravy Train Rides Again
Three of Five Gorton Candidates Back Iranian Government Three of Five Gorton Candidates Back Iranian Government
Get The Look: May in Vogue Get The Look: May in Vogue
Exclusive: Jon Lansman was at Unite HQ Just Two Weeks Ago Exclusive: Jon Lansman was at Unite HQ Just Two Weeks Ago
Leaked UKIP Memo: Candidates Must Leave Social Media Leaked UKIP Memo: Candidates Must Leave Social Media
Guido Investigation: Trojan Horse at the Heart of Birmingham Labour Party Guido Investigation: Trojan Horse at the Heart of Birmingham Labour Party
“St Patrick was an Immigrant” “St Patrick was an Immigrant”
Watch: McLoughlin vs McCaffrey Watch: McLoughlin vs McCaffrey
Watch: May Launches Plan for Britain Watch: May Launches Plan for Britain
Bus-ted: Tories Fined £70000, Treasurer Faces Charges, Thanet Re-Run Bus-ted: Tories Fined £70000, Treasurer Faces Charges, Thanet Re-Run
FLASHBACK: Labour Election Fraud FLASHBACK: Labour Election Fraud
FLASHBACK: LibDem Election Fraud FLASHBACK: LibDem Election Fraud
Watch: Minister Hit with NICs U-Turn on Live TV Watch: Minister Hit with NICs U-Turn on Live TV