Logan admits using tax loophole scheme

BBC broadcaster Gabby Logan has said she will repay any tax she owes after admitting investing in the scheme used by ‘Take That’ star Gary Barlow.

Logan admits using tax loophole scheme

BBC broadcaster Gabby Logan has said she will repay any tax she owes after admitting investing in the scheme used by ‘Take That’ star Gary Barlow.

Barlow and two other members of ‘Take That’ are reportedly in line for tax bills totalling tens of millions of pounds after a court ruled that a partnership styled as a music industry investment scheme in which they invested was a tax avoidance scheme

Logan, who is part of the BBC’s World Cup team, said she invested “in good faith” after being told about the scheme in 2008.

In a statement on her website, she said: “It was explained to me as a way of funding new acts in the music industry. Because of information which came to light in 2012, I decided the investment was not right for me.

“With new professional help and advisers, I have for some time been working to resolve the issue and I fully intend to pay any tax which should have been paid, had I not entered the business.

“I have been completely open and honest with HMRC and I have never hidden anything.”

Barlow, along with bandmates Howard Donald and Mark Owen and their manager Jonathan Wild, apparently invested £66m (€81.04m) into two partnerships styled as music industry investment schemes.

Judge Colin Bishopp ruled that 51 partnerships, set up by Icebreaker Management, were to secure tax relief for members and HM Revenue and Customs is now expected to demand repayment.

It was alleged in 2012 that Barlow, Donald, Owen and Wild invested at least £26m (€31.93m) in a scheme run by Icebreaker Management.

At the time Take That’s lawyers insisted the band mates believed the investments were legitimate enterprises and that all four named paid “significant tax”.

UK Prime Minister David Cameron has criticised the use of “aggressive” avoidance schemes but dismissed calls from some Tory and Labour MPs for Barlow to give up his OBE.

More in this section

img MPU

#BreakTheBias

Join our host Irish Examiner Life/Style Editor, Esther McCarthy with guests Caroline Casey, Emer O'Neill, Edel Coffey and Dr. Tara Shine as we make a call to action for accelerating women's equality.

ieFood pic
ieFood Logo

In the Kitchen with

 Video Series

Join Colm O'Gorman in his kitchen as he makes flatbreads in minutes and crispy air fryer chicken. Explore why he thinks chilli is the spice of life, and find out why his 50-year-old food mixer is his most important piece of kitchen equipment.

Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day. PS ... We would love to hear your feedback on the section right HERE.

Lifestyle
Newsletter

The best food, health, entertainment and lifestyle content from the Irish Examiner, direct to your inbox.

Sign up