Colin Jackson tax avoidance: Olympic hurdler is involved in same scheme as Gary Barlow

The sportsman defends himself against new tax avoidance claims

Colin Jackson has been named as one of the high-profile names involved in a tax avoidance scheme called Icebreaker.

The Olympic hurdler and BBC broadcaster was one of 23 members of a company called Sparkdale LLP that invested in Icebreaker partnerships – which were billed as music industry investments.

However, last week Judge Colin Bishopp said that the company was in fact “known and understood by all concerned to be a tax avoidance scheme".

Sparkdale claimed losses of £9,399,878 from its investment in Icebreaker, which could be then used by members to offset their tax liabilities.

Jackson has defended his involvement in the scheme.

“The law of the land had stated that you can write those losses off on personal tax if you lose. If you gain, you have to pay the tax,” he told the BBC.

"They've now rethought it, reissued it and said those schemes won't exist anymore, which is absolutely fine because that certainly won't stop me from investing into young people who need the help."

Three members of Take That, including Gary Barlow, were also found to be using Icebreaker and are expected to repay millions owed.

"If it means you have to take a hit then I'll happily take a hit,” continued Jackson.

“People have invested in me in the past to help me get to the top of my game.

“I'll still invest in people to help them get to the top of their game.”

Cumulatively, 50 partnerships with hundreds of members were investing in the Icebreaker scheme.

David Cameron has criticised tax avoidance initiatives, but rejected calls for Barlow to have his OBE revoked.

Read More: BARLOW ENJOYS CHART SUCCESS DESPITE TAX AVOIDANCE
ANDREW LLOYD WEBBER DEFENDS BARLOW'S TAX-DODGING
Barlow says his "financial affairs were chaotic"
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs People

Business Support - Banking - Halifax - £250 pd

£150 - £250 per day: Orgtel: HR Analyst - Banking - HR - Halifax - £150 - £250...

Geography Teacher

£24000 - £33600 per annum + pre 12 week AWR : Randstad Education Manchester Se...

Marketing Executive

£28000 - £32000 per annum: Charter Selection: A professional services company ...

Day In a Page

Screwing your way to the top? Good for Lana Del Rey for helping kill that myth

Screwing your way to the top?

Good for Lana Del Rey for helping kill that myth, says Grace Dent
Will the young Britons fighting in Syria be allowed to return home and resume their lives?

Will Britons fighting in Syria be able to resume their lives?

Tony Blair's Terrorism Act 2006 has made it an offence to take part in military action abroad with a "political, ideological, religious or racial motive"
Beyoncé poses as Rosie the Riveter, the wartime poster girl who became a feminist pin-up

Beyoncé poses as Rosie the Riveter

The wartime poster girl became the ultimate American symbol of female empowerment
The quest to find the perfect pair of earphones: Are custom, 3D printed earbuds the solution?

The quest to find the perfect pair of earphones

Earphones don't fit properly, offer mediocre audio quality and can even be painful. So the quest to design the perfect pair is music to Seth Stevenson's ears
US Army's shooting star: Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform

Meet the US Army's shooting star

Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform
Climate change threatens to make the antarctic fur seal extinct

Take a good look while you can

How climate change could wipe out this seal
Should emergency hospital weddings be made easier for the terminally ill?

Farewell, my lovely

Should emergency hospital weddings be made easier?
Man Booker Prize 2014 longlist: Crowdfunded novel nominated for first time

Crowdfunded novel nominated for Booker Prize

Paul Kingsnorth's 'The Wake' is in contention for the prestigious award
Vladimir Putin employs a full-time food taster to ensure his meals aren't poisoned

Vladimir Putin employs a full-time food taster

John Walsh salutes those brave souls who have, throughout history, put their knives on the line
Tour de France effect brings Hollywood blockbusters to Yorkshire

Tour de France effect brings Hollywood blockbusters to Yorkshire

A $25m thriller starring Sam Worthington to be made in God's Own Country
Will The Minerva Project - the first 'elite' American university to be launched in a century - change the face of higher learning?

Will The Minerva Project change the face of higher learning?

The university has no lecture halls, no debating societies, no sports teams and no fraternities. Instead, the 33 students who have made the cut at Minerva, will travel the world and change the face of higher learning
The 10 best pedicure products

Feet treat: 10 best pedicure products

Bags packed and all prepped for holidays, but feet in a state? Get them flip-flop-ready with our pick of the items for a DIY treatment
Commonwealth Games 2014: Great Scots! Planes and pipers welcome in Glasgow's Games

Commonwealth Games 2014

Great Scots! Planes and pipers welcome in Glasgow's Games
Jack Pitt-Brooke: Manchester City and Patrick Vieira make the right stand on racism

Jack Pitt-Brooke

Manchester City and Patrick Vieira make the right stand on racism
How Terry Newton tragedy made iron men seek help to tackle their psychological demons

How Newton tragedy made iron men seek help to tackle their psychological demons

Over a hundred rugby league players have contacted clinic to deal with mental challenges of game