Cheryl faces massive HMRC tax bill after losing latest round in battle

msn.com:

Cheryl Tweedy reportedly faces a huge tax demand after HMRC won a legal battle with her. HMRC won the wrangle over an alleged avoidance scheme.

Cheryl, the former ITV The X Factor judge and Girls Aloud star, may now have to pay back HMRC. Cheryl may have to repay taxes.

HMRC has won a test case against the Geordie star, according to reports. Reports say the 38 year old is being accused of using an artificial employee bonus scheme. . READ MORE Sarah Harding's death saves life of best friend's mum The alleged artificial employee bonus scheme meant her company paid capital gains tax instead of income tax and NI.

A judge found her personal firm culpable of 'straightforward profit extraction' with 'tax avoidance scheme'. Judge Jennifer Dean noted: "The appeal of CC Entertainments is a straightforward 'profit extraction' case where the single 100 per cent shareholder [Tweedy] signed a contract of employment and was awarded a Growth Securities Ownership Plan said to qualify as an employment-related security. "Cheryl's reps were contacted for comment.