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

Consumer confidence plummets as Labour warned over recession...

September 20, 2024

Finding Law Firms Made Easy: An Overview of...

May 16, 2024

Make capital allowances permanent, firms urge

March 16, 2023

Bank of England poised for rate cuts as...

July 5, 2024

Hospitality firms plead for energy bill support to...

August 16, 2022

Government ‘will not hesitate’ to ensure retailers give...

December 23, 2022

The Business of Online Gaming: How Digital Gaming...

December 10, 2024

Wetherspoons warns of pint price rise as budget...

November 6, 2024

Mastering CrossFit Management: Software Solutions for Success

January 16, 2024

We should be in a stand-off with China,...

May 7, 2024

    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 ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • 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