Gary Lineker Tax Scheme Loses Court Bid

Gary Lineker is among a group of celebrities who have lost a court bid to overturn a £700 million tax bill. The achingly right-on footballer turned self-appointed current affairs expert claimed the press were pursuing a “vendetta” against him over his involvement in the Ingenious film investment scheme, where tax reliefs were claimed on artificial movie losses. It was all media lies, Gary insisted…

Seems the courts do not agree. HMRC argued that the scheme was an aggressive kind of tax avoidance and yesterday a tax tribunal judge ruled the tax relief claims were not “allowable deductions”. Couldn’t have happened to a nicer bloke.




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Quote of the Day

Rafael Behr writes…

“By 2012, the number of Brits with more or less active Twitter accounts had overtaken the number of people who regularly bought a newspaper.”

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