Take That stars' investor 'disappointed' with tax ruling

A management company for three stars of pop band Take That has said it is "extremely disappointed" with a court ruling that they may need to pay millions of pounds after claims of tax avoidance.

Take That singers Howard Donald, Gary Barlow and Mark Owen
Take That singers Howard Donald, Mark Owen and Gary Barlow. Credit: PA

Icebreaker Management set up 51 partnerships for investments totalling £26 million from Take That members Gary Barlow, Howard Donald and Mark Owen, but Judge Colin Bishopp said the partnerships - styled as music industry investment schemes - were used for tax avoidance.

Icebreaker Management said it was considering the ruling and whether to appeal, but HMRC said: "We will not tolerate abuse of the system by people trying to dodge their tax obligations."

Read: Take That stars 'face multi-million pound tax bill'


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