Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Michelle Mone’s husband linked to three tax avoidance schemes 

by January 23, 2023
January 23, 2023
Michelle Mone’s husband linked to three tax avoidance schemes 

HMRC has added five existing tax avoidance schemes to its online list of tax avoidance promoters, enablers and suppliers – three of which are linked to Michelle Mone’s husband, Douglas Barrowman.

Douglas Barrowman, Lady Mone’s husband since they married on the Isle of Man in November 2020, is the founder and chairman of the Knox Group, a financial services and wealth management firm based on the island, which is widely considered to be a tax haven. HMRC said a Manchester-based company, AML Tax (UK) Ltd, which ran the three newly named tax avoidance schemes was “a part of Doug Barrowman’s Isle of Man-based Knox Group”.

Experts have welcomed HMRC naming these schemes, but urged the government to “take decisive action” and put a stop to these operators “once and for all”.

Fred Dures, founder of PayePass (umbrella company payroll auditor), commented: “The more tax avoidance schemes that are named and shamed the better. It means fewer individuals, recruiters and businesses engaging flexible workers are at risk.

“Even so, this list barely scratches the surface. It doesn’t call out the major players posing the biggest threat and avoiding the most tax, either. And I’ve no doubt that HMRC has a firm idea of these schemes.

“The government showed its hand recently, ditching plans to introduce a Single Enforcement Body. This held the key to umbrella industry regulation – vital in preventing these illegal operations and fundamental to the Treasury collecting billions in missing tax.

“So while I’m glad some tax avoidance schemes are being called out, I can’t help but wonder if the government is all that serious about putting a stop to them once and for all.”

Juia Kermode, founder of IWORK (the body championing temps), added: “This growing list of tax avoidance schemes is a good starting point, but it doesn’t reach a wide enough audience – which is why it’s vital to get the message out there. “More could and should be done to protect temporary workers and the wider supply chain from these rogue umbrella companies. It’s far too easy to fall into the trap of working through one without realising it. Often, the first temps know about it is when they’re hit with a devastating tax bill.”

 

Read more:
Michelle Mone’s husband linked to three tax avoidance schemes 

0
FacebookTwitterGoogle +Pinterest
previous post
Getting To Know You: Paul Hargreaves, Founder & CEO, Cotswold Fayre
next post
DP Trading Room: What’s Up with These Yields?

You may also like

How to Keep Your Identity Hidden While Creating...

May 9, 2023

New innovation department could be a ‘gear change’...

February 8, 2023

New London to Sheffield train service planned for...

January 5, 2024

HMRC lowers late payment interest following Bank of...

February 10, 2025

Court to decide if Elliott-owned firm can enforce...

February 4, 2025

TikTok is shutting down its Creator Fund in...

November 8, 2023

Losses balloon for Royal Mail as strike action...

November 17, 2022

UK to launch dispute proceedings against EU this...

August 17, 2022

Fixed-Fee vs Hourly Rate: How Conveyancing Solicitor Fees...

February 5, 2025

Jobcentres should help over-50s back to work, says...

January 10, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump, lawmakers react after ‘big, beautiful bill’ clears Senate hurdle

      June 29, 2025
    • How Staff Can Strengthen HIPAA Compliance and Security

      June 29, 2025
    • Lotus denies plans to close Hethel factory amid US expansion talks

      June 29, 2025
    • Top university degrees lose sway as tech employers prioritise job-ready skills

      June 29, 2025
    • Government urges supermarkets to make healthy food more appealing in bid to tackle obesity crisis

      June 29, 2025
    • Senate Republicans ram Trump’s ‘big, beautiful bill’ through key test vote

      June 29, 2025

    Categories

    • Business (8,334)
    • Investing (2,081)
    • Politics (15,854)
    • Stocks (3,177)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved