Cheryl faces massive HMRC tax bill after losing latest round in battle
21.02.2022 - 17:57
/ msn.com
Cheryl Tweedy reportedly faces a huge tax demand after HMRC won a legal battle with her. HMRC won the wrangle over an alleged avoidance scheme. Cheryl, the former ITV The X Factor judge and Girls Aloud star, may now have to pay back HMRC.
Cheryl may have to repay taxes. HMRC has won a test case against the Geordie star, according to reports. Reports say the 38 year old is being accused of using an artificial employee bonus scheme.
. READ MORE Sarah Harding's death saves life of best friend's mum The alleged artificial employee bonus scheme meant her company paid capital gains tax instead of income tax and NI. A judge found her personal firm culpable of 'straightforward profit extraction' with 'tax avoidance scheme'.
Judge Jennifer Dean noted: "The appeal of CC Entertainments is a straightforward 'profit extraction' case where the single 100 per cent shareholder [Tweedy] signed a contract of employment and was awarded a Growth Securities Ownership Plan said to qualify as an employment-related security. "Cheryl's reps were contacted for comment. But a spokesperson said to The Sunday Times he could not comment on an ongoing case.
Cheryl began dating singer Liam Payne in early 2016 and gave birth to their son, Bear, a year later. They split in 2018. Cheryl has also been married to Ashley Cole and Jean Fernandez-Versini.
HMRC said: "We welcome this ruling which confirms these were tax avoidance schemes. We are committed to ensuring that everyone pays the right tax at the right time to help fund our vital public services. " READ MORE Molly-Mae Hague announces adorable names of her two new kittens WATCH Storm Franklin in Birmingham: Tree falls on pub, wall collapses and car crushed - latest updates Click here for the latest
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