Homepage / Currency / ‘Nothing was illegal’: British lingerie tycoon defends boyfriend over alleged link to tax avoidance
Le Jeu en Ligne en France: Casinos en Ligne et leur Rфle dans l’Industrie Moderne des Jeux d’Argent Mostbet App A Convenient And Reliable Way To Place Bets Masjid Al-Huda Mranggen Demak Lemon Casino recenzja nowego polskiego kasyna Atrakcyjne bonusy i wysoki RTP! MostBet Bangladesh BD ᐉ Official Site Most Bet Casino and Sport Betting Lil Nas X calls out the BET Awards in his new single He has a point : NPR Most readily useful Adult Internet Dating Sites | FreeHookupsSites Unlocking the secrets of craigslist m4m green bay dating Just what comes in 66 sizes and vegan latex? Brand new generation of condoms | Sex | 8 Brands & Generics Human Growth Hormone HGH Injections Find local black hookups near you what’s ssbbw chat? About Japanese Dating society and also the west Guy who would like to Date a Japanese woman – MeetKing Blog 9 Guidelines On How To Hook-up On College Gameday (At Any College) Leading Live Casino Games Provider Leading Live Casino Games Provider Pin Up Slotlarýyla Eðlence ve Para Kazanma Bir Arada The core concept of digital entertainment hub AbeBet: signature points and groups Live-сессии с дилерами в онлайн-казино azino777 How Online Gambling Enterprises Operate Around the World Meet compatible single mothers and exchange ideas official site Play airplane online Ritalin: Jak legálně zakoupit bez receptu v České republice Connect with suitable asian singles in your area How-to Date A Pornstar While Making It Operate (The Ultimate Guide) Buy Bitcoin with Credit Card or Debit Card Instantly Buy Bitcoin How to buy BTC Finding trans girls near you – the simplest way to hookup Connect with like-minded singles on a mennonite dating website Assortment of in-demand games respected casino platform abe bet casino in cyberspace Connect with girls from round the world Alexander Gambling establishment: Dйcouvrez une Nouvelle Expйrience de Jeu en Ligne Le meilleur Extra casino en ligne pour jouer BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING The simplest way to get a local hookup what’s millionairess dating? Get prepared to connect to latinas whom share your interests Estonian Chat place – an ideal Place for Dating Estonian Singles Join our bisexual chat room now and commence connecting Discover the advantages of dating a mature mom latina How to discover the best bbw hookup app for you Title: Juega en 1Win Casino Argentina Bonos y Apuestas 5 Best BBW Lesbian Dating Apps/Sites In 2022 Online Gambling Review submissions dia govt.nz Разыгрываемые джекпоты в виртуальном клубе Вулкан казино 30 Of The Greatest Adult Sex Toys For Males | Men’s Room Health Mag Australian Continent Cazino 7 slots cyberspace: conditions and rules for betting with real cash 1Win: ¡el mejor lugar de casino y apuestas deportivas de Argentina! Aufcasino ????Mature Dating Evaluation 2023 – Whatever You Need To Know About It! ???? Take the first step towards fulfilling your ebony lesbian bbw match now Ideas on how to come-out: Tips to keep in mind > Taimi Meet your perfect match – granny hookup site Türkiye-Çin İşbirliği Derinleşiyor GuGi Mobil Yükleme Seçenekleri Hizmet İçi Eğitim Sona Erdi Dooball tv ดูบอล ออนไลน์ สด 66 ลิงค์ บนมือถือ ฟรี ภาพชัด HD ทั่วโลก Find your rich cougar date in the most useful dating site Find your dream fat girl hookup today Slot Thailand Daftar Link Situs Slot Gacor Maxwin x500 Terbaru Hari Ini Resmi Auto Jackpot! Konsultasi ke Dewan Pers, Komisi I DPRD Jambi Pertanyakan Indeks Kemerdekaan Pers Jambi yang Turun Akses News Cerita Korban Judol di Balikpapan yang Nekat Gelapkan Uang How to get local horney women in your area 3 Cara Hapus Akun Judi Online Slot : Okezone Economy SITUS TOTO > Sering Kalah Main Di Situs Slot Gacor Terbaru Mudah Maxwin Situs Slot Gacor Maxwin Main Tanpa Pola Modal 5ribu Terbaik Melhores cassinos online de Novembro 2024: Confira o top 10! Enjoy amazing gay sex experiences using the top sites on the web Make the absolute most of one’s big butt dating adventure here 9 circumstances this means when a person avoids eye contact with a lady – Hack Spirit Top Greatest M4M Personals Sites in 2022 ◉ BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING Лотерейные розыгрыши в kasino on-line Лев казино: условия осуществления и доступа Main features of playing in machines at online-club Karavan Connect with like-minded females making new friends Comment accéder à des jeux gratuits avec Space fortuna bonus ? PUCUK4D⭐ Bandar Toto Togel Online & Situs Toto 4d Terpercaya #1 Betting site Karavan bet Gates of Olympus internet-based: benefits of playing for real money Discover an environment of opportunities with lesbian and bisexual dating Aprovecha Los Códigos Promocionales De Bbrbet ¡más Bonos, Más Juegos 1xbet Giriş Yeni Adresi 2024 ⭐️ 1xbahis Güncel Adres » 1x Guess Mobil Casino How to get started with sext room BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING La Application De Bbrbet: Juegos Y Apuestas Approach Alcance De Tu Man Start your love story now – join our talk to gay strangers source today BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING Find regional bbw hookups inside area BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING The Brazilian Bum Bum Lotion: Introducing the Keys of its Elegance Advantages

Currency, United States Finance

‘Nothing was illegal’: British lingerie tycoon defends boyfriend over alleged link to tax avoidance

British entrepreneur and parliamentarian Michelle Mone has defended her billionaire boyfriend over his links to an alleged £13 million ($16.9 million) tax avoidance scheme.

Doug Barrowman had previously served as director of an offshore payroll company called Aston Management Ltd (AML). AML is said to have helped its workers reduce their tax bills to less than 10 percent.

“They’re not going after my partner, and it was a scheme that was set up – and I’m not here to speak on his behalf, it’s not my business – but it was a scheme that was set up way back in 2011,” Mone told CNBC Wednesday.

“And when legislation changed, they stopped doing it. So nothing was illegal, nothing was untowards, and he hasn’t done a thing wrong.”

Her Majesty’s Revenue and Customs (HMRC), the U.K. governmental department tasked with collecting taxes, has asked contractors who benefited from the scheme to pay back tens of thousands in income tax.

AML allowed its clients to sign up to Employee Benefit Trusts (EBTs), funds which can be set up overseas by firms to hold assets on behalf of their employees. These clients effectively became members of staff under the scheme.

The firm paid EBT benefits into the U.K. accounts of staff, on which they paid little or no tax, according to the U.K’s Mirror newspaper. And now hundreds of workers could be at risk of bankruptcy with the HMRC demanding the cash, according to the report.

A spokesman for Barrowman said in statement that the structures in place for contractors were “fully compliant with U.K. law.”

“AML established structures for hard-working contractors and not millionaire celebrities or high net-worth individuals which was fully compliant with U.K. law. When the legislation changed in 2011 these structures subsequently ceased,” the spokesman told CNBC in an email.

“HMRC unfairly issued APNs (accelerated payment notices) in a bid to retrospectively punish our clients and it was decided that this decision would be challenged at a judicial review.”

The spokesman added: “Other companies have chosen to turn their backs on clients who offered such structures but we decided to invest hundreds of thousands of pounds financing legal action to defend the rights of individuals from unwarranted and unjust HMRC demands and will continue to do so, in this respect the judgement is being appealed.”

Barrowman’s boyfriend and business partner Mone is a lawmaker in the U.K.’s upper chamber of parliament, the House of Lords, and was appointed by former Prime Minister David Cameron in 2015.

She told CNBC that the rules on such funds had been changed by HMRC in 2011, and were considered legal at the time.

“Before I entered the House of Lords, I had an EBT (Electronic Benefits Transfer) that my ex-husband set up in the business. And you’ve got to look back and think, if you’ve got companies, then you’re going to look for the best way for your people, for your employees, and that’s what we were advised,” she said.

Mone added: “Now, that’s all changed now, and that’s all been stopped, but I wouldn’t sit here and say he’s done anything illegal, anything but. He is an amazing guy, very charitable, and a very successful business guy.”

Barrowman is the owner of the Knox Group of companies, and on Wednesday launched a real estate development in Dubai jointly with Mone, touted to be the first to be priced in bitcoin. AML is still part of Barrowman’s Knox Group.

A spokesman for HMRC said that, although it couldn’t comment on individual cases, it has “robust compliance procedures” in place to identify tax avoidance.

“Like most other avoidance schemes Employment Benefit Trust schemes simply do not work. HMRC always challenges tax avoidance on behalf of the majority of people who play by the rules,” the spokesman said.

“HMRC has robust compliance procedures to identify and take targeted action against any identified attempt to avoid tax.”

The department said that people facing payment problems due to potential tax avoidance are advised to get in touch.

“Anyone who anticipates problems meeting their tax obligations should contact HMRC, who may be able to offer extra time to pay based on an evaluation of individual circumstances. The department has an outstanding track record for supporting those with genuine problems,” the spokesman added.

Source: cnbc
‘Nothing was illegal’: British lingerie tycoon defends boyfriend over alleged link to tax avoidance

Comments are closed.