Taxman may bankrupt celebs

Changes in the rules that allow HMRC to issue an assessment for tax to people who enter into aggressive tax avoidance schemes (regardless of whether the scheme has been successfully challenged by HMRC) could end up forcing some celebrities into bankruptcy, says the Mail.

Big tax dodgers – whether individual or corporate – are not at all popular, and it looks as if the days of these aggressive tax schemes are over. But there are still plenty of legitimate tried and tested methods of lowering your tax bills.