Cheryl Tweedy ‘facing legal action from HMRC over alleged tax avoidance’

Cheryl Tweedy 'facing legal action from HMRC over alleged tax avoidance'

CHERYL Tweedy is facing legal action from the HMRC over alleged tax avoidance, it has been reported.

The singer has been accused of using a scheme to pay capital gains tax instead of income tax and national insurance.

Getty – Contributor Cheryl Tweedy’s firm is fighting the HMRC
By paying capital gains tax, she would have been charged at a lower rate.
The Sunday Times reported that the star’s personal company – CC Entertainments – was named in court papers.
In the documents seen by the publication, it was claimed the HMRC had wanted to make Cheryl’s case the lead in a court action against 56 separate firms.
The amount of the claim against Cheryl – who has a son Bear with One Directioner Liam Payne – is unknown.
Judge Jennifer Dean said: “The appeal of CC Entertainments is a straightforward ‘profit extraction’ case where the single 100% shareholder [Tweedy] signed a contract of employment.
“She was awarded a GSOP [growth securities ownership plan] security said to qualify as an employment-related security.”
It is believed CC Entertainments was named after Cheryl’s initials when she was married to England footballer Ashley Cole.
It comes after Lorraine Kelly won a landmark case against the HMRC, after a judge described her as her own boss and not an ITV employee.
The Sun columnist, 59, rejected the taxman’s claim the company she gets paid through for her work is a front.
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The Scottish star signed a deal with ITV in 2012 through her firm Albatel Ltd but HM Revenue and Customs insisted she became a staffer and sent her a huge retrospective bill of £1.2million in 2016.
She had repaid £1.02million, but won a dispute over the outstanding difference – although she was later left with a hefty legal bill despite successfully defending the claim.
The Sun Online has contacted representatives for Cheryl for comment.
Cheryl and Liam Payne come face to face for first time since split at the Global Awards

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