RegulationLegalTaking Stock: I want your tax; I want your tax for good, sings HMRC

Taking Stock: I want your tax; I want your tax for good, sings HMRC

Take That have been singing to HMRC's tune in recent months

RELIGHT my Fire, Could it be Magic and Pray are just a few of Take That’s most loveable hits, but the biggest hit the boy band has taken in recent years is a £20m payment to the taxman.

Gary Barlow, Mark Owen, Howard Donald and the boy band’s manager Jonathan Wild were hit with some bad news in 2014, as a tribunal ruled that that a controversial film investment scheme that they were all involved in was “known and understood by all concerned to be a tax avoidance scheme”.

According to the Sunday Times, the trio and their manager have been repaying the money back to HMRC since the beginning of this year, with an estimated £20m having already been paid back.

The controversy led to calls for Barlow’s OBE to be stripped from him, but in 2014 he said: “I want to apologise to anyone who was offended by the tax stories earlier this year.

“With a new team of accountants, we are working to settle things with all parties involved ASAP.”

TS hopes that all his fans, his accountants and HMRC have a little patience…

Related Articles

Webinar: How should accountants prepare for GDPR?

Legal Webinar: How should accountants prepare for GDPR?

2d Emma Smith, Managing Editor
Why should accountants take notice of GDPR?

Legal Why should accountants take notice of GDPR?

4d Emma Smith, Managing Editor
Deloitte’s audits of Hezbollah-linked bank to be examined by Dubai court

Audit Deloitte’s audits of Hezbollah-linked bank to be examined by Dubai court

2w Alia Shoaib, Reporter
EU parliament to launch tax inquiry in the wake of the Paradise Papers

Legal EU parliament to launch tax inquiry in the wake of the Paradise Papers

2w Alia Shoaib, Reporter
Taylor Review: Government expands workers’ rights, but tax issues remain

Legal Taylor Review: Government expands workers’ rights, but tax issues remain

2w Alia Shoaib, Reporter
Shareholders bring lawsuit against Steinhoff and Deloitte

Audit Shareholders bring lawsuit against Steinhoff and Deloitte

3w Alia Shoaib, Reporter
Former KPMG partners charged over PCAOB data leaks

Audit Former KPMG partners charged over PCAOB data leaks

1m Alia Shoaib, Reporter
Whistleblower sues EY over Dubai gold refinery scandal

Big Four Whistleblower sues EY over Dubai gold refinery scandal

1m Alia Shoaib, Reporter