Chris Moyles, the former BBC Radio 1 DJ, has apologised after using a tax scheme in which he claimed to be a used car salesman.
Moyles took to Twitter last night to say sorry for entering into the "Working Wheels" scheme in his 2008 tax return in what a tax tribunal ruled was a bid to avoid – unsuccessfully - tax on £1m of his earnings.
The 40-year-old Moyles said on Twitter that he took "full responsibility" and had "learnt a valuable lesson" after a tax tribunal revealed his use of the scheme.
Under the scheme, he claimed that charges he had incurred through a second-hand vehicle business meant he suffered a paper loss of more than £1 million, which he sought to set against his other tax liabilities in 2008.
This tribunal hearing was called after Moyles appealed against the decision of HM Revenue & Customs to reject the claim.
Moyles said on Twitter: "Upon advice, I signed up to a scheme which I was assured was legal. Despite this, my knowledge of the dealings of the scheme were naive. I'm not a tax expert and acted on advice I was given. This was a mistake and I accept the ruling without reservation."
The scheme involved him telling HM Revenue & Customs that he had spent a year "engaged in self-employment as a used car trader" in 2008 - a time when he was presenting Radio 1's Breakfast Show.
The written judgment from the Tax Chamber of the First-tier Tribunal said: “It is however quite clear from the statement that he too entered the scheme for no purpose other than to achieve a tax saving, and that he took no interest in the trade.”
A BBC statement said: “The BBC is not a party involved in this tribunal, and we understand that Chris Moyles has taken full responsibility for his tax arrangements, which are of course a matter for him and HMRC."