Moyles and two other men took part in a scheme called “working wheels” which counted “450 fund managers and celebrities” as members
Chris Moyles has admitted joining a tax avoidance scheme that would have cost the UK 290million.
The former Radio 1 DJ pretended to be a used car salesman hit by losses to save up to 1million in tax payments.
He joined a scheme called Working Wheels which boasted 450 high earning members, including celebrities.
The star, who earned 500,000-a-year at the BBC, said he accepted “full responsibility” for his actions after a tribunal ruled he took part “for no purpose other than to achieve a tax saving”.
Her Majesty’s Revenue and Customs claimed the closure of the scheme had saved the country 290million.
The NT Advisors scheme counted “450 fund managers, celebs and other high earners between 2006 and 2008″ as members and involved a series of complex trades across tax havens.
Moyles told HMRC he had spent the 2007/8 tax year engaged in self-employment as a used car trader.
According to tribunal chief Judge Colin Bishopp the broadcaster claimed he had sold 3,800 of vehicles but had run up losses of 1million which he wanted to claim against his tax bill.
An HMRC insider said the scheme involved a series of “phantom” deals in cars that did not exist.
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Chris Moyles admits joining tax avoidance scheme that would have cost the UK 290million