HMRC has defeated another avoidance scheme designed by NT Advisors.
HMRC said the victory was its fifth against schemes promoted by Matthew Jenner and his firm, bringing the total tax protected to more than £750m.
Recent defeats for the promoters include ‘Working Wheels’, where participants including DJ Chris Moyles claimed to be second-hand car dealers.
The Bluebox scheme involved in the latest tribunal involved a purported £500,000 gift to a charity, HMRC said...
About Nick Huber
I’m a specialist business journalist and have a particular interest in tax and technology.