Some ex-players and managers face demands of up to £6 million and many bills will be up to 20 times higher than the amounts invested.
The warning came after hundreds of ex-players and managers invested in a tax avoidance scheme called Eclipse…
Law firm Edwin Coe, hoping to challenge the bills at a tax tribunal, called it a “nightmare scenario”.
Read the article in full here.
Edwin Coe and tax specialists Newport Tax Management LLP represent the investors in the Eclipse scheme.