Matthew Leslie Jenner
{{short description|British entrepreneur}}
{{Use dmy dates|date=July 2014}}
{{Use British English|date=July 2014}}
Matthew Leslie Jenner is a British entrepreneur. At present he holds positions in 35 companies, including pawn shops and "pay day loan" businesses. He has been involved in a number of companies which operated tax avoidance schemes, which were subsequently overturned by HMRC.
Tax avoidance schemes
=The Cup Trust=
Jenner, and his business partner Anthony Mehigan, set up the Cup Trust charity in 2009. The Cup Trust, which was registered through Mountstar (PTC) Ltd in the Caribbean, received £177 million in donations in a year.[https://www.mirror.co.uk/news/uk-news/charity-tax-avoiders-cup-trust-1568343 Daily Mirror 01/02/2013] Charity tax avoiders
Donors to the Cup Trust benefited from tax deductions of up to £55 million. The Cup Trust has requested £46 million in Gift Aid from HM Revenue, arising from the donations which the trust has received. Gift Aid is a facility offered by HMRC for charities to reclaim basic rate tax on donations.
Accounts show that only £135,000 of the £177 million donated to the Cup Trust has been given to good causes. Almost all of the Cup Trust's income was spent buying UK Government bonds.
References
{{Reflist}}
External links
- [https://www.theguardian.com/business/2012/jun/24/tory-donor-tax-avoidance Guardian Newspaper 23 June 2012] article on the ROMANGATE tax avoidance scheme
- [https://www.thetimes.com/travel/destinations/uk-travel/england/london-travel/behind-the-benevolence-of-the-quiet-man-behind-the-schemes-tcz9jg0mfjt The Times] 31 January 2013
- [https://publications.parliament.uk/pa/cm201213/cmselect/cmpubacc/uc788-i/uc78801.htm HOUSE OF COMMONS] transcript 6 December 2012
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