Headlines in press are covering celebrities caught out by HMRC who will not allow tax avoidance schemes.
Icebreaker has fell foul to taxman and celebs face multi-million pounds tax bills.
The moral of this matter is DO NOT enter into these tax schemes which seem to be to good to be true- they will only land you in deep trouble!
All matters relating to tax savings must be transparent for tax authorities acceptance.
Click here for more information on HMRC's view of tax avoidance.
19th October 2010
Accountant at Brian Foster & Co.
Tel no: 01922 457 201