Everything Changes for Gary Barlow

Following on from my previous blog about Gary Barlow I am pleased to say that he has appointed new accountants and is looking at a settlement with HMRC for misuse of tax avoidance schemes.

The Take That star invested money through a company called Icebreaker which was said to be set up to support the music industry but a tax tribunal judge ruled that they had actually been set up for tax avoidance purposes.

HMRC has been targeting these so called tax breaks, and will use all its power to close them down and to be fair they have been gaining traction and winning several cases now.

Some MPs were calling for Gary to give back his OBE which I think is a step too far.  Pay back the money and any penalties and I am sure it will all be forgotten.

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