Thai-based crypto investor funding Reform unlikely to avoid cap on overseas donations

Christopher Harborne has donated £15m to Reform in the past 12 months. Photograph: George Cracknell Wright/LNP View image in fullscreen Christopher Harborne has donated £15m to Reform in the past 12 months. Photograph: George Cracknell Wright/LNP Thai-based crypto investor funding Reform unlikely to avoid cap on overseas donations Christopher Harborne, who also gave Nigel Farage £5m ‘gift’, reported to have registered to vote in Hampshire Christopher Harborne, the Thailand-based crypto investor who has given millions of pounds to Reform UK , would be unlikely to get around a planned cap on overseas political donations even if he has registered to vote in the UK, it is understood. Harborne, who also gave Nigel Farage, the Reform leader, £5m as a “gift”, has registered to vote in Hampshire, the Times reported , with a spokesperson for the billionaire quoted in the paper saying that he had decided to become a “registered voter in the UK”. The move could be viewed as an attempt to help Harborne get around planned changes to the political donations system, which could put a £100,000 annual cap on Britons based abroad, as well as other measures such as blocking donations made in cryptocurrency. The Times reported Harborne’s decision to register to vote as a possible way for him to continue giving large sums to Reform, citing an interview in April in which he said the government should not be able to stop him donating as he chose, adding: “Where there’s a will, there’s a way.” However, the planned changes to donations, among 15 recommendations in an independent report in March by Sir Philip Rycroft, a former senior civil servant, set out the idea that a cap of between £100,000 and £300,000 a year should apply to “British voters living abroad”. While the definition of this is yet to be decided by ministers, Rycroft’s report set out that the basis is expected to be whether or not someone is based in the UK, not just if they are registered to vote. Decisions on individuals would be left to election officials at local councils, who decide whether a voter is “normally resident” in the UK for the purposes of their address on the electoral register. Harborne, who has donated £15m to Reform in the past 12 months, as well as gifting Farage £5m shortly before the 2024 elections, has been based in Thailand for more than five years, where he uses a Thai name, Chakrit Sakunkrit. If he wanted to get around the overseas donations cap, he may have to return to live in the UK, which would make him liable for UK tax on earnings from a fortune estimated to be more than £18bn. In his report, Rycroft specifically linked the idea of taxation to the fairness or otherwise of political donations, writing: “Though many individuals’ decisions to move abroad are not financially motivated, it remains the case that wealthy individuals who have chosen to live abroad in order to have their wealth taxed abroad are nevertheless currently entitled to make unlimited donations to UK politi