Tax that and party
Shortly after HM Revenue & Customs (HMRC) slammed the brakes on Carr’s tax vehicle, three members of Take That and their manager were accused of investing £26 million in an investment scheme the taxman was trying to close down.
Gary Barlow, Howard Donald, Mark Owen and manager Jonathan Wild were among 1,000 people reported to have contributed a total of £480 million to 62 music industry partnerships.
HMRC said the companies, overseen by Icebreaker Management Services, were tax shelters.
The lawyers for all four hit back, saying they all believed their investments were tied up in legitimate schemes.