TaxPersonal TaxHMRC in “corporate corruption” – tycoon’s estranged wife

HMRC in “corporate corruption” - tycoon’s estranged wife

The wife of property and telecoms tycoon Scot Young claims HMRC gave her husband "bizarre support" in divorce proceedings

THE ESTRANGED WIFE of a property and telecoms tycoon has claimed HM Revenue & Customs engaged in corporate corruption during the couple’s divorce proceedings.

Michelle Young, the wife of businessman Scot Young, made the claims after she said the agency gave her husband “bizarre” support which she alleges cost the taxpayer millions of pounds.

Mrs Young levelled the allegation when HMRC lawyers said they would “vigorously oppose” measures to terminate the bankruptcy of Mr Young in 2010, the Independent reports.

Lawyers for Mrs Young hold that the insolvency is false and has been used to impede the divorce proceedings. She applied to annul the bankruptcy but Christopher Buckley, for HMRC, said: “We will be opposing this very vigorously.”

Mrs Young claims that her husband hid £400m in offshore tax havens before they split in 2006, and alleges that his friends, who include Topshop owner Sir Philip Green and restaurateur Richard Caring, are a “conduit for his secreted wealth”.

HMRC said in a statement that it “maintains the highest standards of honesty and integrity at all times in dealings with all its customers”.

“We strongly reject any comments suggesting otherwise,” it added.

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