Take That members 'invest £26 million in scheme designed to avoid paying tax' Take That Tickets

Gary Barlow, Mark Owen and Howard Donald are reportedly among 1,000 people involved in a £480 million 'tax shelter'

Take That members 'invest £26 million in scheme designed to avoid paying tax'

Photo: PA

Three members of Take That have invested £26 million in a scheme allegedly designed to avoid tax, it has been reported.

Gary Barlow, Mark Owen and Howard Donald, along with their manager Jonathan Wild, are reportedly among 1,000 wealthy figures who have invested around £480 million in a scheme, described as a "tax shelter".

The scheme, which is overseen by a firm called Icebreaker Management Services, is currently being investigated by Her Majesty's Revenue & Customs (HMRC), who have told The Times that they are actively looking to close the scheme down.

HMRC have set up a hearing to evaluate the scheme at a legal tribunal in November and, if successful, all those involved in the scheme could potentially be forced to pay back millions of pounds in tax.

There is no suggestion that Barlow, Owen and Donald have done anything illegal, with their lawyers telling The Times that they are convinced that the investments were legitimate enterprises and not tax avoidance schemes, and said that they all pay "significant tax".

It was also reported that neither Robbie Williams nor Jason Orange are involved in the investments in any way.

Read More On This Artist

Take That Tickets
Date/Time Venue Seetickets Viagogo


NOT AVAILABLE

Buy Take That Tickets

from £78


Buy Take That Tickets

from £55

Buy Take That Tickets


NOT AVAILABLE

Buy Take That Tickets

from £85


Buy Take That Tickets

from £55

Buy Take That Tickets


NOT AVAILABLE

Buy Take That Tickets

from £85


Buy Take That Tickets

from £55

Buy Take That Tickets


NOT AVAILABLE

Buy Take That Tickets

from £100


Buy Take That Tickets

from £55

Buy Take That Tickets


NOT AVAILABLE

Buy Take That Tickets

from £90


Buy Take That Tickets

from £55

Buy Take That Tickets


NOT AVAILABLE

Buy Take That Tickets

from £114


NOT AVAILABLE

Buy Take That Tickets

from £114


Buy Take That Tickets

from £55

Buy Take That Tickets


NOT AVAILABLE

Buy Take That Tickets

from £96


NOT AVAILABLE

Buy Take That Tickets

from £95


Buy Take That Tickets

from £55

Buy Take That Tickets


NOT AVAILABLE

Buy Take That Tickets

from £99


NOT AVAILABLE

Buy Take That Tickets

from £85


Buy Take That Tickets

from £55

Buy Take That Tickets


NOT AVAILABLE

Buy Take That Tickets

from £100

back to top

More News
'The Wire' star Dominic West raps to promote new film 'Guillemot'
Bobby Shmurda pleads not guilty to conspiracy to commit murder
FKA Twigs performs new song 'Figure 8' during Melbourne live show – watch
The Black Keys perform 'Weight of Love' and 'Howlin' For You' on...
Death Cab For Cutie perform 'Black Sun' on 'Letterman' – watch
Passion Pit confirm details of new album 'Kindred'
Big Sean, Kanye West and Drake team up on 'Blessings' – listen
Noel Gallagher: 'I don't agree with U2 on free music, I'd happily put an extra...
Limp Bizkit guitarist criticises his own fans ahead ShipRocked cruise performance
Missy Elliott to join Katy Perry on stage during Super Bowl half-time show
Black Sabbath's Geezer Butler describes bar room brawl as 'unfortunate altercation'
Fall Out Boy say their new album is 'modern rock of the future'
Man faces ban from Parklife festival after 'boasting' about touting tickets
The Jesus And Mary Chain offer local bands support slots on their February UK tour
Suge Knight arrested over fatal hit-and-run incident in LA
Carl Barât 'totally rediscovered the guitar' making Jackals album
Pete Doherty: 'not making music with Amy Winehouse will haunt me to my dying day' –...
Swim Deep say new album is a 'zero-gravity gospel record for the masses'
Haim and Weezer to form supergroups for Jimmy Kimmel
Drake, Kendrick Lamar, Avicii and Nicki Minaj to appear at Wireless 2015
Ryan Jarman: 'Grown-ups still don't like The Cribs. That's absolutely...
Jay Z buys Norwegian music streaming service Wimp for £47million

More News

Comments

Please login to add your comment.

Date/Time Venue Town/City Seetickets Viagogo
27 Apr 2015 Hydro Glasgow

Tickets not currently available.

Buy Take That Tickets
from £78

27 Apr 2015 Secc - The Sse Hydro Glasgow

Buy Take That Tickets
from £55

Buy Take That Tickets

28 Apr 2015 Hydro Glasgow

Tickets not currently available.

Buy Take That Tickets
from £85

More Tickets

Latest Tickets - Booking Now
 
Know Your NME
 

 
NME Store & Framed Prints
Inside NME.COM