"HMRC names three schemes linked to Mone’s husband as tax avoidance
AML Tax (UK) Ltd, which ran payment programmes, was ‘part of Doug Barrowman’s Isle of Man-based Knox Group’
Three payment programmes operated by a company linked to the husband of the Conservative peer Michelle Mone have been named as tax avoidance schemes by HM Revenue and Customs.
Douglas Barrowman, Lady Mone’s husband since they married on the Isle of Man in November 2020, is the founder and chairman of the Knox Group, a financial services and wealth management firm based on the island, which is widely considered to be a tax haven. HMRC said a Manchester-based company, AML Tax (UK) Ltd, which ran the three newly named tax avoidance schemes was “a part of Doug Barrowman’s Isle of Man-based Knox Group”.
HMRC won legal cases against AML last year under tax laws that require companies to notify HMRC of payment schemes that should be classified as tax avoidance schemes because one of the “main benefits” is to obtain a “tax advantage”.
AML’s director, Arthur Lancaster, told the tax tribunal last year that AML was part of the Knox Group, together with other companies such as Knox House Trust, of which Lancaster was the chairman in 2019.
In March, HMRC also won a separate legal case against AML, which was fined £150,000 after being found not to have provided details to the tax authority required by law. In that case, Lancaster was said by the tribunal to have been “evasive” and displayed “a lack of candour” in some of the evidence he gave."
https://www.theguardian.com/politics...-tax-avoidance
AML Tax (UK) Ltd, which ran payment programmes, was ‘part of Doug Barrowman’s Isle of Man-based Knox Group’
Three payment programmes operated by a company linked to the husband of the Conservative peer Michelle Mone have been named as tax avoidance schemes by HM Revenue and Customs.
Douglas Barrowman, Lady Mone’s husband since they married on the Isle of Man in November 2020, is the founder and chairman of the Knox Group, a financial services and wealth management firm based on the island, which is widely considered to be a tax haven. HMRC said a Manchester-based company, AML Tax (UK) Ltd, which ran the three newly named tax avoidance schemes was “a part of Doug Barrowman’s Isle of Man-based Knox Group”.
HMRC won legal cases against AML last year under tax laws that require companies to notify HMRC of payment schemes that should be classified as tax avoidance schemes because one of the “main benefits” is to obtain a “tax advantage”.
AML’s director, Arthur Lancaster, told the tax tribunal last year that AML was part of the Knox Group, together with other companies such as Knox House Trust, of which Lancaster was the chairman in 2019.
In March, HMRC also won a separate legal case against AML, which was fined £150,000 after being found not to have provided details to the tax authority required by law. In that case, Lancaster was said by the tribunal to have been “evasive” and displayed “a lack of candour” in some of the evidence he gave."
https://www.theguardian.com/politics...-tax-avoidance
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