First Take That, then Colin Jackson, now Gabby Logan is the latest household name to admit to being part of the Icebreaker tax avoidance scheme.
Logan, part of the BBC’s football World Cup broadcasting team, is one of a host of stars who have invested £336million in the controversial Icebreaker scheme setup purportedly to provide support to the music industry.
However, a recent tribunal decision ruled that Icebreaker “is, and was known and understood by all concerned to be, a tax avoidance scheme”.
Logan remains adamant that she invested in the scheme in “good faith”, left the scheme in 2012, and has vowed to repay what she owes.
Logan issued a statement on her website, following press speculation about her connection with the scheme.
“I was advised about a business opportunity six years ago (2008) and I invested in good faith.
“It was explained to me as a way of funding new acts in the music industry. Because of information which came to light in 2012, I decided the investment was not right for me.
“With new professional help and advisors, I have for some time been working to resolve the issue and I fully intend to pay any tax which should have been paid, had I not entered the business.
Logan also revealed that she had been “completely open and honest” with HMRC, saying: “I have never hidden anything.”
HMRC have pursued Icebreaker ever since the Times exposed the scheme in 2012.
Its members have until 2 July to decide if they want to appeal the ruling. Plus HMRC have announced that they are seeking payment of the tax in the meantime.
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