Celebrities including Wayne Rooney and Anne Robinson could face massive tax bills from the Inland Revenue, following an investigation into Ingenious Media's Inside Track fund.
According to a Mail on Sunday investigation, dozens of celebrities were among the partners in the scheme which began in 2003-4, investing sums from £160,000 to £1.4m. BBC presenter Jeremy Paxman, film-maker Guy Ritchie, pop star Peter Gabriel and Labour peer Lord Hollick were also investors. However, the Revenue has now contacted some of the investors in the scheme with tax demand for tens of thousands of pounds. Ingenious has reportedly written to all affected investors informing them of the HMRC investigation. The letter states HMRC believes "the partnership was not trading on a ...
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