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Matthew Leslie Jenner

From Wikipedia, the free encyclopedia

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

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The Cup Trust

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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

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  1. ^ a b c Daily Mirror 01/02/2013 Charity tax avoiders
  2. ^ a b c Daily Mirror 31 January 2013 article on tax avoidance scheme involving NT Advisors, The Cup Trust, and Mountstar (PTC) Ltd
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