Richard Tice tax allegations

The allegations have placed Reform UK leader Nigel Farage under increasing pressure to take action against his deputy.

Tice has dismissed the claims as a 'smear' and a 'minor administrative error,' but critics argue the situation undermines the party's platform on fiscal responsibility.

The controversy comes at a critical time for the party as it seeks to gain ground in upcoming local elections.

Frontbenchers from rival parties have called for a full investigation by HMRC into the company's financial records.