Mone denied owning the property but failed to reveal who is behind the two British Virgin Islands companies that do so on behalf of an offshore trust
Two offshore companies which own Baroness Mone’s London home are linked to tax avoidance schemes, an investigation found.
But His Majesty’s Revenue and Customs has warned such schemes “rarely work” and that anyone who uses them can end up with “big tax bills”. Baroness Mone’s press office told us: “Not that it is any of your business, Baroness Mone has no involvement in the companies you have stated and does not own a home in London you have referred to.”
It was raided by the National Crime Agency in April 2022 as part of an investigation into PPE Medpro, which won more than £200million in government contracts after lobbying by Baroness Mone.
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