Gary Barlow apologises over tax avoidance claims

Pop star Gary Barlow has vowed to settle his tax affairs “ASAP” after tax avoidance allegations.

Barlow took to Twitter to apologise to fans and said he’s now working with new accountants.

I want to apologise to anyone who was offended by the tax stories earlier this year.

— Gary Barlow (@GaryBarlow) September 2, 2014

With a new team of accountants we are working to settle things with all parties involved ASAP

— Gary Barlow (@GaryBarlow) September 2, 2014

He said: “I want to apologise to anyone who was offended by the tax stories earlier this year.”

“With a new team of accountants, we are working to settle things with all parties involved ASAP.”

Back in May, it was reported that Take That members Barlow, Howard Donald and Mark Owen and manager Jonathan Wild invested money in companies through a scheme run by Icebreaker Management.The band members invested money in a Larkdale LLP which reported losses of £26m. This helped reduce their tax bills as the losses could be offset against tax.

The chair of the Commons Public Accounts Committee, Margaret Hodge, called for Barlow to be stripped off his OBE but David Cameron rejected the call.