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

David 'To Receive Bill' In Tax Crackdown

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

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.

David Beckham

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