Abramovich faces fresh calls for HMRC probe over potential £1bn tax bill

Roman Abramovich, the Russian few, is facing the renewed audit after a group of members of Parliament urged HMRC revenues and majesty to investigate allegations that it may condemn up to one billion pounds in non -paid taxes.

This intervention follows the BBC reports and the investigative press office indicating that foreign investments worth billions of pounds may have been effectively managed by the United Kingdom, which incur local tax responsibility.

In a message to HMRC, Joe Powell, the workers’ deputy who heads a parliamentary group on fair taxes, was pressed for the “appropriate investigation” in light of the evidence indicating that some British Virgin Islands projects in Abramovich (BVI) were in practice, in Practical practice, in practice. On the soil of the homeland. The letter referred to the leaked files that reveal $ 6 billion investments that were directed through BVI, but it was claimed to be supervised by individuals in the United Kingdom, which may lead to tax obligations in the United Kingdom.

HMRC responded by saying that it is “committed to ensuring that everyone pays the correct tax under the law, regardless of wealth or status.” Meanwhile, Abramovich’s lawyers assert that “he has always received tax advice, independent experts” and “acted according to this advice.”

The leaked papers- the BBC, the guardian, and the investigative press office as part of the “Cyprus Secret” project- may be more than a partner close to Abramovich, British citizen Eugene Cheferler, has practiced great authority on BV-registered investment vehicles. Under the United Kingdom Law, in the event of the strategic decisions of the foreign company within the United Kingdom, this company can be subject to British taxes.

Abramovich, who has long been famous for his ownership of Chelsea FC – who was also linked to funding to the sea structure – was approved by the UK government in 2022 because of his relations with the Kremlin. While foreign companies can reduce tax bills legally if they are fully managed and controlled outside the United Kingdom, deputies claim that the amounts concerned require a complete investigation.

“Given the size of the amounts concerned, ensuring that any unpaid taxes are a matter of public interest,” he reads Powell, referring to the need for additional public financing in light of the current economic pressures.

Lawyers representing Shvidler and Abramovich insist that the arrangements were supported by professional advice and are fully compatible with relevant regulations. However, critics argue that the documents that were leaked “tax dribbling” are denied as a standard external investment, prompting new calls to HMRC to intensify efforts to restore any due revenues.

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