Gary Barlow has apologised after reports emerged that he and other members of Take That invested at least £26million in a scheme that potentially avoided tax.
The singer-songwriter took to Twitter to tells fans that he is now working with new accountants to settle the issue "ASAP".
CLICK ON PHOTOS TO ENLARGE
Gary Barlow has said he will settle the tax issue "ASAP"
"I want to apologise to anyone who was offended by the tax stories earlier this year," Gary, 43, wrote, as he returned to Twitter after a three month hiatus. "With a new team of accountants we are working to settle things with all parties involved ASAP."
He then shared some exciting news with fans: "We have been working since the new year on a new Take That studio album. We are extremely excited about it! It has been four long years since the last one."
Gary Barlow took to Twitter to apologise
Gary, his bandmates Howard Donald and Mark Owen, and manager Jonathan Wild were among some 1,000 people who contributed £480million to a number of music industry investments schemes.
A judge later ruled that the schemes had been set up for tax avoidance purposes.
Fans will be excited by Gary's announcement that Take That are working on a new album
Lawyers for Gary, Howard and Mark said that they had paid significant tax and had believed the schemes were not for tax avoidance purposes, but were legitimate commercial enterprises.