According to the Financial Times (7 July), a string of business leaders, sports stars, entertainers and other investors were told on Monday to prepare for tax demands totalling at least £520m, in a crackdown by HMRC. Ingenious Media, an investment company, issued a warning to 1,300 past and present investors, who include prominent figures such as Dame Clara Furse of the Bank of England’s Financial Policy Committee, Lord Hollick the financier and former media boss, and sports stars such as David Beckham.
The Times and the Daily Mail reported (9 July) that celebrities including George Michael, Gary Barlow, Sir Michael Caine and Katie Melua were part of a £1.2bn tax avoidance scheme, along with QCs, doctors and judges. Liberty members ‘will have to pay back hundreds of millions of pounds in disputed tax before the hearing, in new Treasury rules due to be brought in this month’.
According to the Financial Times (7 July), a string of business leaders, sports stars, entertainers and other investors were told on Monday to prepare for tax demands totalling at least £520m, in a crackdown by HMRC. Ingenious Media, an investment company, issued a warning to 1,300 past and present investors, who include prominent figures such as Dame Clara Furse of the Bank of England’s Financial Policy Committee, Lord Hollick the financier and former media boss, and sports stars such as David Beckham.
The Times and the Daily Mail reported (9 July) that celebrities including George Michael, Gary Barlow, Sir Michael Caine and Katie Melua were part of a £1.2bn tax avoidance scheme, along with QCs, doctors and judges. Liberty members ‘will have to pay back hundreds of millions of pounds in disputed tax before the hearing, in new Treasury rules due to be brought in this month’.
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