By Martin Robinson PUBLISHED: 06:38 EST, 22 October 2013 | UPDATED: 07:11 EST, 22 October 2013 Tax scheme: Kelly Brook promotes the new more expensive Lotto draw for Camelot this month, which has today been accused of avoiding £10m in corporation tax National Lottery owner Camelot has today been accused of avoiding at least £10million in corporation tax by exploiting a loophole that HMRC knows about but has never closed. Just weeks after the cost of a Lotto ticket doubled to £2, it emerged the Canadian-owned business has used a legal fiddle based in a tax haven. To take advantage of the loophole, Camelot reportedly took out high-interest loans from its parent company via the Channel Islands Stock Exchange.
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Investigation finds business taking high-interest loans to cut profit and tax
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Legal loophole became known to HMRC last year but they kept it open
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This month Camelot has doubled the price of a Lotto ticket to £2
HMRC refused to say why it did not shut the loophole and said: 'For legal reasons, @placeholder cannot comment on the affairs of individual taxpayers.'