Who?
The one who allegedly slapped the toilet attendant, was in some pop band, got married a few times and has a son called Bear.
https://www.dailymail.co.uk/tvshowbi...ttle-HMRC.html
Cheryl Tweedy faces a demand to pay back cash to the Government after her firm used a 'tax avoidance scheme' - meaning she could make more money by paying capital gains tax, instead of income tax and national insurance.
The former Girls Aloud singer lost a long-standing test case against the taxman after a judge found her personal firm CC Entertainments culpable of 'straightforward profit extraction' with an artificial employee bonus scheme.
Tweedy started using the scheme at the pinnacle of her solo career under her married name Cheryl Cole, which meant the firm paid capital gains tax instead of income tax and national insurance, which carry higher rates.
HM Revenue and Customs can now demand the singer pay for historical tax, including compound interest. The amount is not known but she will not be fined. The company registered profits of just £120,000 in 2020.
A spokesman for Miss Tweedy - who had five solo number one singles at the height of her success, which was a record for a British female artist - said he could not comment as the matter is part of an ongoing legal case.
HMRC tried to make CC Entertainments - based in Chelsea, West London - the lead case in a court action that came to light in 2019. But the tribunal chose another firm, Britannia Hotels, after 38-year-old Tweedy asked not to be the lead case. It meant fewer details about her alleged financial irregularity were made public.
Judge Jennifer Dean noted: 'The appeal of CC Entertainments is a straightforward 'profit extraction' case where the single 100 per cent shareholder [Tweedy] signed a contract of employment and was awarded a Growth Securities Ownership Plan said to qualify as an employment-related security.'
Judge Dean ruled in favour of the taxman on January 20, meaning HMRC can now demand the singer pay historical tax, including compound interest. She will not be fined or asked to pay penalties.
The one who allegedly slapped the toilet attendant, was in some pop band, got married a few times and has a son called Bear.
https://www.dailymail.co.uk/tvshowbi...ttle-HMRC.html
Cheryl Tweedy faces a demand to pay back cash to the Government after her firm used a 'tax avoidance scheme' - meaning she could make more money by paying capital gains tax, instead of income tax and national insurance.
The former Girls Aloud singer lost a long-standing test case against the taxman after a judge found her personal firm CC Entertainments culpable of 'straightforward profit extraction' with an artificial employee bonus scheme.
Tweedy started using the scheme at the pinnacle of her solo career under her married name Cheryl Cole, which meant the firm paid capital gains tax instead of income tax and national insurance, which carry higher rates.
HM Revenue and Customs can now demand the singer pay for historical tax, including compound interest. The amount is not known but she will not be fined. The company registered profits of just £120,000 in 2020.
A spokesman for Miss Tweedy - who had five solo number one singles at the height of her success, which was a record for a British female artist - said he could not comment as the matter is part of an ongoing legal case.
HMRC tried to make CC Entertainments - based in Chelsea, West London - the lead case in a court action that came to light in 2019. But the tribunal chose another firm, Britannia Hotels, after 38-year-old Tweedy asked not to be the lead case. It meant fewer details about her alleged financial irregularity were made public.
Judge Jennifer Dean noted: 'The appeal of CC Entertainments is a straightforward 'profit extraction' case where the single 100 per cent shareholder [Tweedy] signed a contract of employment and was awarded a Growth Securities Ownership Plan said to qualify as an employment-related security.'
Judge Dean ruled in favour of the taxman on January 20, meaning HMRC can now demand the singer pay historical tax, including compound interest. She will not be fined or asked to pay penalties.
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