Cheryl: 'It's so humiliating"
03.03.2022 - 18:21
/ heatworld.com
Cheryl was referring to her accountants. We joke, of course, but last week, the singer suffered a huge blow to her ego, her reputation and – most especially – her bank balance, after a court ruled she had used a “tax avoidance scheme” and owed a substantial amount to HM Revenue and Customs.
It means our Chezza could be looking for a big pay day ASAP, even if that means gulp doing reality TV… “This whole thing has been so embarrassing for Cheryl,” says an insider close to the former Girls Aloud star, who also enjoyed five No1 solo singles. “She’s always been very guarded about her personal life, never mind her financial affairs.
She’s very proud and image conscious, so she’s finding all this really difficult to deal with. And that’s all aside from the reality of a huge tax bill.
She’s incredibly stressed out.” HMRC began investigating the 38-year-old’s tax affairs back in 2019, but the long-running case was resolved last week, with a judge ordering Cheryl to pay back an unknown amount of backdated tax – plus interest. It was revealed how the star had set up a personal company, CC Entertainments, back at the height of her noughties fame, in order to avoid paying income tax and national insurance (and instead paying lower-rate capital gains tax).
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