Members of Take That are among almost 1,000 investors in a 'music industry investment scheme' HMRC consider a tax avoidance scheme.
HMRC are attempting to claw back some of the £4.5bn they lose each year through individual tax avoidance by taking action against such 'investment schemes.'
Revenue officials told The Times (£) they plan to take firm action against a company called Icebreaker Management services:
Investors in the company, according to The Times (£), include:
- Gary Barlow
- Howard Donald
- Mark Owen
- Take That manager Jonathan Wild
- Former England manager Terry Venables
- Olympic silver medallist Colin Jackson