Belfast Telegraph

UK Website Of The Year

Golfer Darren Clarke hits the rough over tax scheme

By Staff Reporter

Published 07/12/2015

Investments: Darren Clarke
Investments: Darren Clarke

Darren Clarke is among a number of sportsmen facing financial losses totalling millions of pounds after investing in film schemes, it has emerged.

The former Open champion, his friend, fellow golfer Lee Westwood and six former England cricket captains, have been caught up in film schemes that have since been challenged by the UK taxman.

It has left investors facing massive tax demands, according to the Sunday Times.

The schemes involved clients putting in some of their own money, which was then supplemented several times over with huge loans from banks. These investments then generated tax rebates for the players, which are now being retrospectively challenged.

Belfast Telegraph

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Read More

From Belfast Telegraph