Sir Bradley Wiggins among 400 who invested in charity tax avoidance scheme

07/03/2018 Ramla Soni

Under-fire British Olympic cycling champion, Sir Bradley Wiggins, has been named as one of the 400 investors in a £100 million charity tax avoidance scheme, which used artificial gift aid claims to help donors reduce their tax bills.

Sir Bradley, who was the first Briton to win the Tour de France, has been named as one of the investors in the Cup Trust, a charity which was shut down by the Charity Commission last year. 

The revelation comes days after the cycling star denied recent accusations of taking anti-asthma drugs to enhance his performance before races with a report from UK MPs accusing him and Team Sky of having "crossed an ethical line".

The amount invested by Sir Bradley is not known yet, but had the scheme gone ahead they would have saved £137,500 on average per person or £55 million in total.

The charity also tried to claim £46 million in gift aid from HMRC by using the value of the donations to which HMRC later rejected these gift aid claims.

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