ENTERTAINMENT

David Beckham Among Celebs 'Facing Huge Bill' In Tax Crackdown, George Michael And Sir Michael Caine Could Also Be Billed

09/07/2014 07:34 BST | Updated 09/07/2014 07:59 BST

David Beckham is one one many A-listers who could be facing a huge bill following a tax crackdown, according to reports.

The former footballer invested in the company Ingenious Media, who used their money to fund huge blockbuster films.

The celebrities were then made directors in partnerships, which recorded early losses of £1.3billion, which they could then offset their tax bill against, according to the Financial Times.

david beckham

David Beckham

Ingenious has reportedly told its clients, including Sir Michael Caine and George Michael, to expect bills in the very near future.

The FT adds that the investors concerned will most likely have to “reach an immediate settlement” with HM Revenue & Customs, or battle the decision in court, after paying all the charges up front.

Ingenious have denied that their partnerships are tax avoidance schemes, insisting that they are real businesses and pointing out that over £1billion of taxable income has been generated.

A spokesperson for the Beckhams has told The Sun that the couple “always paid their taxes in full and have never been involved in aggressive tax avoidance schemes”.

In 2013, Beckham topped a list of the richest footballers in the world, with an estimated personal fortune of £175million.

Earlier this year, Gary Barlow and two of his Take That bandmates faced a £20million bill after it was revealed that they had apparently paid into a tax avoidance scheme.

Public backlash saw celebs including Lily Allen criticise the singer, while many demanded for his OBE to be taken away.

David Beckham Underwear Pics

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