The plan ultimately failed, and Kilroy-Silk finally resigned from the party – as had been long expected – on 20 January 2005.

Rumours circulated immediately that Kilroy-Silk was set to form his own party, fuelled by the registration of the domain name "veritasparty.com" a month earlier.

An earlier rumour suggested that he had been in negotiations with the English Democrats to join and lead their party.

It was perceived to be more specific than UKIP's general euroscepticism, and almost to the point of Veritas being labelled a single-issue party.

Kilroy-Silk's preferred figure was 22%, the "basic rate" band in which most UK citizens fell at the time.

[5] The first test of Veritas' ambitions was the general election on 5 May 2005 where it had hoped to overtake UKIP as the primary party opposing the European Union.

[7] Further resignations included that of his chief of staff, David Soutter, and deputy leader Damian Hockney.

Acting leader Patrick Eston defeated Foreign Affairs Spokesperson Colin Brown, and former boxer Winston McKenzie on a 22% turnout.

This, combined with a poor turnout at the party's first Annual General Meeting, is believed to have brought about the subsequent resignation of Brown and the founders of the VMA.

In the summer of 2007, Patrick Eston contacted the leadership of other parties with similar political positions with a view to organising a meeting to discuss co-operation.