Couldn’t happen to a nicer couple

[northernladuk]

There's laws about purposefully doing away with assets in order to avoid taxes or other liabilities. Maybe that's just for people who don't want to sell their house to pay for care home costs rather than this sort.

It's also for people that the law actually applies to. These two don't appear to think it applies to them.

[DoctorStrangelove]

"Only little people pay taxes".

Remind me how that ended.

[Andy2022]

“Douglas Barrowman: 25 more companies with unlawfully hidden ownership”


https://www.taxpolicy.org.uk/2024/01/14/25more/

[eek]

“Douglas Barrowman: 25 more companies with unlawfully hidden ownership”


https://www.taxpolicy.org.uk/2024/01/14/25more/

That’s just the warmup - the next story is the detail

[northernladuk]

That’s just the warmup - the next story is the detail

Where is it?!?!?

[vetran]

Where is it?!?!?

Here have this for setting that earwig off!

[Andy2022]

Michelle Mone’s husband linked to tax firms whose clients submitted misleading claims, documents suggest

https://www.theguardian.com/uk-news/...glas-barrowman

"The multimillionaire husband of the embattled Conservative peer Michelle Mone is linked to a series of tax avoidance companies that may have assisted their clients in submitting misleading claims to HM Revenue and Customs, documents suggest.

Files and emails relating to the activities of companies connected to Douglas Barrowman were obtained by the thinktank Tax Policy Associates, and have been seen by the Guardian and BBC Newsnight. Experts say the material raises questions about whether the companies in question – and those connected to them – should be investigated for any role they played in providing misleading information to HMRC about tax affairs."

[eek]

Dan’s article is now up at https://www.taxpolicy.org.uk/2024/01...rrowman_fraud/ and it’s on Newsnight tonight at 22:30

[cojak]

The BBC have it too, hitting AML and Vanquish . Pigeons and roost spring to mind.

Firm linked to Michelle Mone's husband should face 'fraud probe' - experts https://www.bbc.co.uk/news/uk-68016824

[Paddy]

The BBC have it too, hitting AML and Vanquish . Pigeons and roost spring to mind.

Firm linked to Michelle Mone's husband should face 'fraud probe' - experts https://www.bbc.co.uk/news/uk-68016824

https://www.telegraph.co.uk/money/tax/michelle-mone-husband-doug-barrowman-linked-to-loan-charge/

Michelle Mone’s husband linked to tax scheme that caused suicides
The husband of former Conservative peer Michelle Mone has been linked to promoters of tax avoidance schemes which left workers being chased by HM Revenue and Customs for crippling bills.
Doug Barrowman is connected to the firm AML Tax, which sold tax-saving schemes to self-employed workers in the 2010s.
HMRC, which has said the company is part of Mr Barrowman’s Isle of Man-based Knox Group, has previously referred to it as “Doug Barrowman’s tax avoidance firm”.
Mr Barrowman and his wife Baroness Mone have been at the centre of a PPE scandal. Another company of Mr Barrowman’s, PPE Medpro, is currently being investigated by the National Crime Agency after it awarded more than £200m worth of UK government contracts during the pandemic through a so-called VIP lane.
In November 2023 Baroness Mone admitted she lied about her involvement in the company, a supplier of medical goods.
Mr Barrowman said that he and his wife were being “hung out to dry” to distract from government failures in PPE procurement in a recent statement on the platform X, formerly Twitter.
Mr Barrowman and Baroness Mone have denied any wrongdoing.
AML Tax’s schemes worked by paying contractors via loans to avoid income tax and National Insurance. In 2017 the tax authority cracked down on these schemes, levying a “loan charge” against the contractors, demanding all disputed taxes be repaid.
HMRC has since pursued 60,000 contractors for tax liabilities worth sometimes hundreds of thousands, with some taking their own lives.
There have so far been ten suicides in connection to the loan charge. MPs on Thursday said in Parliament that the loan charge was the “next Horizon scandal” and called on the Government to launch an independent review.
In a call for evidence in 2022, the Loan Charge & Taxpayer APPG, a cross-party group of MPs, found that AML was responsible for 189 of the 1,006 schemes reported to it.
AML Tax was fined £150,000 in March 2022 for failing to provide HMRC with information required as part of a tax investigation.
Mr Barrowman and Knox Group did not respond to The Telegraph’s request for comment. However lawyers for Knox Group told the BBC it denied “any and all allegations of dishonesty, misconduct and wrongdoing”.
Knox Group said it had “properly notified” HMRC of the schemes and that the tax office had “never even suggested, let alone alleged, that there has been any form of dishonesty or wrongdoing by the Knox Group”.
It added that it “deeply and sincerely” regretted the distress caused by the loan charge, attributing this to “retrospective” taxation by the Government.