Chris Moyles tax avoidance firm behind string of schemes that would have cost nation £836m
Mirror investigator Nick Sommerlad says this is the fourth time in a row HM Revenue and Customs has defeated the firm’s complex tax avoidance schemes
This is the latest victory for HMRC against a notorious tax avoidance firm.
London-based NT Advisors have been behind a string of schemes which would have cost the Treasury £836million.
The schemes were designed to save huge sums for the rich. One called Romangate had more than 500 directors, including comedian Jimmy Carr, Tory donor George Robinson and Coronation Street actor Bill Roache.
It was closed after changes to the law. The most controversial is the Cup Trust, a charity exposed by the Mirror last year.
Cup Trust spent only £135,000 on good causes but was set up to cost the Treasury £100million in tax.
Anthony Mehigan and Matthew Jenner, the two bosses of NT Advisors who masterminded the charity tax plan, were in line to share £7.7million in fees if the scheme worked out.
The company operates out of plush Mayfair offices. Mehigan, 56, lives in the exclusive Jersey resort of St Brelade. Jenner, 43, lives in Alberta, Canada.
Yesterday’s victory by HM Revenue and Customs is the fourth time in a row it has defeated complex tax avoidance schemes set up by NT Advisors.
As well as Working Wheels, the taxman has won battles to shut down another called Project Corbiere which tried to avoid £100million in tax and two other schemes, set up to avoid £346million in tax between them.
HMRC said if NT had got away with one scheme, “it would have made the payment of income tax voluntary”.