Chris Moyles a Car Dealer..? Sorry Mr. Moyles… We don’t let just anyone be a car dealer :0)
Chris Moyles admits joining tax avoidance scheme that would have cost the UK £290million
Moyles and two other men took part in a scheme called “working wheels” which counted “450 fund managers and celebrities” as members
Chris Moyles has admitted joining a tax avoidance scheme that would have cost the UK £290million.
The former Radio 1 DJ pretended to be a used car salesman hit by losses to save up to £1million in tax payments.
He joined a scheme called Working Wheels which boasted 450 high earning members, including celebrities.
The star, who earned £500,000-a-year at the BBC, said he accepted “full responsibility” for his actions after a tribunal ruled he took part “for no purpose other than to achieve a tax saving”.
Her Majesty’s Revenue and Customs claimed the closure of the scheme had saved the country £290million.
The NT Advisors scheme counted “450 fund managers, celebs and other high earners between 2006 and 2008” as members and involved a series of complex trades across tax havens.
Moyles told HMRC he had spent the 2007/8 tax year “engaged in self-employment as a used car trader”.
According to tribunal chief Judge Colin Bishopp the broadcaster claimed he had sold £3,800 of vehicles but had run up losses of £1million which he wanted to claim against his tax bill.
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