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JCB owners Bamford bros could owe £500m to settle tax probe

Summary by City AM
Prominent Tory donors and JCB owners Anthony and Mark Bamford are understood to be the subject of a three-year long investigation by HM Revenue and Customs (HMRC), which could result in a bill as high as £500m according to reports. HMRC is reportedly probing Anthony Bamford, a Tory peer, and Mark, a director of The Conservative Party Foundation, over alleged aggressive tax avoidance measures spanning two decades, according to the Guardian. The …
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City AM broke the news in London, United Kingdom on Monday, October 23, 2023.
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