Celebrities including Wayne Rooney and Jimmy Carr are set for bumper tax refund after winning High Court victory against HMRC over £263m investment scheme

Posted: 22nd Nov 2019

A host of famous faces ploughed money into a scheme which allowed them to claim tax relief if they invested in the building of two data centres in Tyneside, north-east England.

The decision of the UTT in the Cobalt Data Centre 2 LLP and Cobalt Data Centre 3 LLP cases is important for the investors in the Cobalt Data Centre Development Syndicate (a.k.a. DC1) and a number of other Enterprise Zone Syndicates Administered by Valhalla PCS LLP which have similar appeals stayed behind the decision in this lead case in the UTT.

Read the full article here:

https://www.dailymail.co.uk/news/article-7701069/Celebrities-including-Wayne-Rooney-Jimmy-Carr-tax-refund-data-centres.html