Matalan founder John Hargreaves has lost a court battle with HMRC over his attempt to avoid a tax bill of up to £135 million.
The Monaco-based retail boss has been ordered to pay after a court ruled he owed capital gains tax in relation to his £231 million sale of the Merseyside-headquartered retailer in 2000.
Mr Hargreaves has been in dispute with officials over his tax status for almost 20 years, reports BusinessLive.
