Sports presenter Gabby Logan has admitted to investing in the same tax avoidance scheme as Gary Barlow, and vowed to repay the taxes she owes.
Logan said that she invested thousands of pounds into Icebreaker Management Ltd and claimed tax relief for the money that the company claimed to be investing in the “creative arts”.
She said that she invested in the scheme in “good faith” until she pulled her money out in 2012, but after a court ruling found that Icebreaker was “understood by all concerned to be a tax avoidance scheme“, she has now admitted her mistake.
In a statement on her website, the sportscaster said:
“I was advised about a business opportunity 6 years ago (2008) and I invested in good faith. It was explained to me as a way of funding new acts in the music industry. Because of information which came to light in 2012, I decided the investment was not right for me. With new professional help and advisers, I have for some time been working to resolve the issue and I fully intend to pay any tax which should have been paid, had I not entered the business.
“I have been completely open and honest with HMRC and I have never hidden anything.”
