A string of business leaders, sports stars, entertainers and other investors were told on Monday to prepare for tax demands totalling at least £520m, in a crackdown by Revenue & Customs.
Ingenious Media, an investment company, issued a warning to 1,300 past and present investors, who include prominent figures such as Dame Clara Furse of the Bank of England’s Financial Policy Committee, Lord Hollick the financier and former media boss, and sports stars such as David Beckham.
The investors are caught up in a £7bn Treasury crackdown that will force taxpayers to make immediate payments of disputed tax bills relating to investments in alleged tax avoidance schemes over the past decade.
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