Take That have repaid more the £20m owed to HM Revenue and Customs following their involvement in a tax avoidance scheme.
In 2014, Gary Barlow, Howard Donald, and Mark Owen along with manager Jonathan Wild, were found to have put £66m in artificial tax shelter known as Icebreaker.
It is believed Icebreaker contained something in the region of £300m as nearly 1,000 investors put their money in the scheme. Icebreaker claimed to offers these investors opportunities to fund creative industries that provided them tax relief on losses bigger than their investments.
However in a court tribunal, a judge ruled that Icebreaker was a not an investment programme, but rather a means of tax avoidance and ordered the Take That members, along with their manager, to pay what money was owed to HMRC.
https://twitter.com/GaryBarlow/status/506880377709801472
Former Take That members Jason Orange and Robbie Williams were not involved in the scheme.
In April 2015, Take That announced their tax affairs were “fully up to date” but did not make clear whether the money owed to the taxman had been paid.
It is now believed that the bands remaining tax bills were quietly paid earlier this year.
As reported in the Daily Mirror, a spokesman for Take That said: "We have no comment beyond what we said a year ago."
Molly-Mae and Tommy Fury welcomed their second child last week. Molly-Mae Hague has told social media that her baby son has “healed her newborn fears” after welcoming her second child. The Love Island star announced the birth of her second child with her partner, Tommy Fury, last week. The couple are already parents to their […]
Ariana Grande and her boyfriend have reportedly been broken up for “several months.” Ariana Grande and her boyfriend, Ethan Slater, have officially broken up, according to reports from People and TMZ. The couple, who starred in both Wicked films, had been together for three years. The split isn’t recent, with insiders claiming they have reportedly […]
Maura Higgins is reportedly in “advanced talks” to host the upcoming reboot of Blind Date. Maura Higgins is reportedly lined up to present the Disney+ reboot of the iconic dating show Blind Date, which is due to start filming later this year. Blind Date first launched on ITV and aired from 1985 until 2003. The […]
