Three members of Take That 'invested in tax avoidance scheme'

The Times (£) has claimed that three members of Take That, Gary Barlow, Howard Donald and Mark Owen, have invested at least £26 million in a scheme described by Revenue and Customs as a mechanism for tax avoidance.

It has been reported that Howard Donald, Mark Owen and Gary Barlow from Take That invested in a 'tax avoidance scheme' Credit: Reuters

The company behind the scheme have said that it is not for the avoidance of tax but is a way to make money by investing in the music industry.

Mr Barlow, Mr Donald, Mr Owen and Mr Wild paid significant tax, their lawyers said. The musicians and their manager made no comment on the size of their investment in the scheme.