BBC's Stephen Nolan defends tax affairs after grilling by Jim Allister
Radio presenter Stephen Nolan has had to defend his own tax affairs following questioning from TUV leader Jim Allister.
Mr Allister appeared on Thursday's Nolan Show to discuss revelations uncovered in the Paradise Papers about the offshore tax affairs of Northern Irish business people.
"Tax avoidance schemes have been on the go for many years, and of course people have exploited them," said Mr Allister.
"And of course it raises moral issues. And I suppose it is particularly acute when it involves moving money offshore.
"But there have been other tax avoidance schemes for delaying tax. For example there has been a scheme that some people by joining syndicates have been part of promoting the film industry.
"And HMRC has been investigating those, has the Nolan programme any information on that?"
Presenter Nolan interjected to clarify it was him Jim Allister was referring to.
"Just to call a spade a spade, I don’t know why you’re skirting around this. I’m tired by the way Jim, that’s why I’m slurring my words slightly. I don’t know why you’re skirting around this issue. I am in a film scheme, yes I am in a film scheme, it has been widely reported," he said.
"And yes that film scheme, I invested into it - just as many other people did. What’s your problem?
"And by the way you do not avoid one penny of tax in a film scheme."
Stephen Nolan is a partner in Invicta Film Partnership No23 LLP, a 175-strong syndicate which purchased the master print of the Da Vinci Code, allowing for tax payments to be delayed for up to 15 years.
On Thursday's Nolan Show the programme was looking at information in the Paradise Papers which focused on the tax affairs of property developer and president of Glentoran David Chick, as well as his business partner Jim Davis.
Both deny any wrongdoing.
Belfast Telegraph Digital