Chris Moyles dodged £1m tax as 'a second-hand car dealer'
DJ Chris Moyles claimed to be a second-hand car dealer in a bid to save up to £1m in tax, a tribunal has found.
A tax court named Moyles and two other men as having taking part in a scheme called "working wheels", which counted "450 fund managers, celebrities and other high earners between 2006 and 2008" as members. The scheme worked by allowing its members to say they had incurred large fees while working in the second-hand car trade, which they could claim back against their tax bill.
A published judgment from the Tax Chamber of the First-tier Tribunal said Moyles' self-assessment tax return for the financial year ending on April 5, 2008, when he was presenting Radio One's Breakfast Show, said he "had engaged in self-employment as a used-car trader".
Moyles did not give evidence directly to the tribunal, but did submit "a brief witness statement".
The judgment said: "It is, however, quite clear from the statement that he too entered the scheme for no purpose other than to achieve a tax saving, and that he took no interest in the trade."
Exchequer Secretary David Gauke said: "This case is another example of why taxpayers should not fall for the promises of promoters selling schemes that are all too often too good to be true."
Moyles later took to Twitter to give his side of the story. He said: "Upon advice, I signed up to a scheme which I was assured was legal. I'm not a tax expert and acted on advice I was given. This was a mistake and I accept the ruling without reservation."