Gabby Logan Involved in The Same Tax Dodge as Gary Barlow - Vows to Pay It All Back
As an increasing number of celebs get caught for tax avoidance, an increasing number try and get their apologies in quickly
Gabby Logan – the prominent BBC sports presenter – has admitted to avoiding tax, like Gary Barlow, by investing thousands into Icebreaker, a company that claimed to support young musicians. A recent court ruling, however, ruled that the firm was "understood by all concerned to be a tax avoidance scheme".
Gabby Logan beat an angry press mob and issued an apology quick-time
"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,” Logan explained on her website, where she posted a press release.
"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.” She added that she had been "completely open and honest" with HM Revenue & Customs (HMRC). "I have never hidden anything."
Earlier this month, tax judge Colin Bishopp called more than 50 Icebreaker partnerships “a tax avoidance scheme.” He rejected arguments that they had been set up for commercial purposes. “The aim was to secure tax relief for members, and to inflate the scale of the relief by unnecessary borrowing,” he said. It has been alleged that this short-changed the taxman by over £330m.
Barlow is the highest profile celeb to be caught out; he has been the subject of fierce debate as to whether he should return the OBE he received. The British Prime Minister, David Cameron, believes his extensive work for charity means he should keep it.