Matthew Leslie Jenner
Matthew Leslie Jenner is a British entrepreneur. At present he holds positions in 35 companies, including pawn shops and "pay day loan" businesses. He has been involved in a number of companies which operated tax avoidance schemes, which were subsequently overturned by HMRC.
Tax avoidance schemes[edit]
The Cup Trust[edit]
Jenner, and his business partner Anthony Mehigan, set up the Cup Trust charity in 2009. The Cup Trust, which was registered through Mountstar (PTC) Ltd in the Caribbean, received £177 million in donations in a year.[1][2] Donors to the Cup Trust benefited from tax deductions of up to £55 million. The Cup Trust has requested £46 million in Gift Aid from HM Revenue, arising from the donations which the trust has received.[1][2] Gift Aid is a facility offered by HMRC for charities to reclaim basic rate tax on donations.
Accounts show that only £135,000 of the £177 million donated to the Cup Trust has been given to good causes.[2] Almost all of the Cup Trust's income was spent buying UK Government bonds.[1]
References[edit]
- ^ a b c Daily Mirror 01/02/2013 Charity tax avoiders
- ^ a b c Daily Mirror 31 January 2013 article on tax avoidance scheme involving NT Advisors, The Cup Trust, and Mountstar (PTC) Ltd
External links[edit]
- Guardian Newspaper 23 June 2012 article on the ROMANGATE tax avoidance scheme
- The Times 31 January 2013
- HOUSE OF COMMONS transcript 6 December 2012