The scheme – which reportedly allowed Chris to save up to £1 million in tax – worked by allowing its members to claim they had built up large fees while working in the car dealing trade, which they could then claim back against their tax bill.
A judgement from the tribunal said Chris’ involvement in the scheme was “for no purpose other than to achieve a tax saving, and that he took no interest in the trade.”
It continued that the Leeds born DJ was “anxious to be reassured that the scheme was lawful, and that he would not have to undertake any trading himself”.
Since the report came to light, Chris has taken to his Twitter to respond to the news, telling his fans:
"I want to comment about a recent tribunal tax ruling.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. I take full responsibility and have learnt a valuable lesson."
The scheme also counted over 400 celebrities, fund managers and high earners during the time it was running.