Britain’s highest-earning MP has invested in an alleged tax avoidance scheme being investigated by officials.
Tory Geoffrey Cox QC, who earns up to £600-an-hour as a top lawyer, is one of hundreds of wealthy figures and celebrities putting cash into Phoenix Film Partners LLP.
But HM Revenue & Customs has decided the movie investment scheme was designed to avoid tax and is demanding users pay up.
Mr Cox recently earned £329,452 in a year as a barrister, while bagging £67,000 a year for his work as MP for Torridge and West Devon.
He joined Phoenix in 2008, three years after he was elected. It is not known how much he has invested and there is no suggestion he has done anything illegal.
The 54-year-old said: “I am not going to comment on my private tax affairs.”