Take That stars Gary Barlow, Mark Owen and Howard Donald are reportedly set to be hit with an ENORMOUS £20 million tax bill.
The stars are claimed to have invested the amount in a company![], Icebreaker Management, which a court has now ruled is, in fact, an ‘artificial tax shelter’.
The judge in the case claimed the scheme was “known and understand by all concerned to be, a tax avoidance scheme” and the overriding reason for any investment in it, would have been “to achieve![] a tax saving”.
They could now be made to repay HM Revenue and Customs the full amount.
By using the scheme, it’s alleged the trio were about to avoid tax on around £63 million, which came from CD sales![] and world tours.
It’s thought the *Shine *singers are amongst another 1000 people, who contributed in the scheme.