Tuesday, November 18, 2014
Taxman wants to raid YOUR bank accounts, but bungling HMRC officials have let celebrities in tax avoidance scheme duck £10m bill because they were 'unacceptably slow' to investigate
Millions of pounds will never be recouped from a tax avoidance scheme used by celebrities after the taxman took so long to investigate it.
HM Revenue and Customs was so ‘unacceptably’ slow that it missed the legal deadline beyond which it cannot re-examine people’s tax affairs, a Parliamentary report said.
The Liberty scheme – used by stars including Take That’s Gary Barlow, singers George Michael and Katie Melua, actor Michael Caine, and the Arctic Monkeys – was closed in 2009 but was not taken to a tax tribunal until this year.
Read more at: http://www.dailymail.co.uk/news/article-2838608/Taxman-let-stars-duck-10m-bill-unacceptably-slow.html
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