A UK businessman who donated a million pounds to UKIP has sparked a row over tax avoidance after a newspaper highlighted his links to the Isle of Man.
Arron Banks was a Tory donor but switched his allegiance to Nigel Farage’s party last year after William Hague said he’d never heard of him.
His donation came from a company called Rock Services, which has sparked questions in the UK after it emerged the firm made a profit of just ?28,000 on its ?43 million turnover – and paid just ?2,000 in tax.
Its parent company Rock Holdings Ltd is registered in South Quay in Douglas.
According to the Daily Mail, a spokesman for UKIP said the party knew of the tax arrangements, adding: ‘We know all about it and Nigel Farage has said he is relaxed about tax avoidance.’
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