Editing Vivienne Westwood (section)

===Tax fine and perception===
In August 2011, Westwood's company Vivienne Westwood Ltd agreed to pay £350,000 in tax plus interest of £144,112, due in 2009, to [[HM Revenue and Customs]] (HMRC) for underestimating the value of her brand. Her UK business had sold the rights to her trademarks to [[Luxembourg]]-based Latimo, which she controlled, for £840,000 in 2002. After examining the deal, HMRC argued that the brand had been undervalued. The £2&nbsp;million valuation triggered additional taxes.<ref name="telegraph.co.uk">{{cite news |last=Tyler|first=Richard|url=https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/8728580/Vivienne-Westwood-undervalues-itself.html |archive-url=https://ghostarchive.org/archive/20220112/https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/8728580/Vivienne-Westwood-undervalues-itself.html |archive-date=12 January 2022 |url-access=subscription |url-status=live|title=Vivienne Westwood undervalues itself|newspaper=The Daily Telegraph|access-date=21 February 2016}}{{cbignore}}</ref>

Accounts for Vivienne Westwood Ltd showed that since 2011, the company had continued to pay £2&nbsp;million a year to [[offshore company]] Latimo for the right to use Westwood's name on her own fashion label.<ref>{{cite news|url=https://www.telegraph.co.uk/news/politics/green-party/11457076/Vivienne-Westwood-accused-of-hypocrisy-over-offshore-tax-base.html |archive-url=https://ghostarchive.org/archive/20220112/https://www.telegraph.co.uk/news/politics/green-party/11457076/Vivienne-Westwood-accused-of-hypocrisy-over-offshore-tax-base.html |archive-date=12 January 2022 |url-access=subscription |url-status=live|title=Vivienne Westwood accused of hypocrisy over offshore tax base|newspaper=The Daily Telegraph|access-date=21 February 2016}}{{cbignore}}</ref> Latimo, which Westwood controlled as the majority [[shareholder]] in her companies, was set up in 2002.<ref name="telegraph.co.uk"/> Such arrangements, while legal, were against the [[Green Party of England and Wales|Green Party]] policy to eliminate use of [[tax haven]]s such as Luxembourg.<ref>{{cite news|author=Nicola Woolcock |url=https://www.thetimes.com/business-money/money/article/vivienne-westwood-accused-of-2m-tax-avoidance-d0pn5nl6xzf|title=Vivienne Westwood accused of £2m tax avoidance|newspaper=The Times|date=9 March 2015|access-date=21 February 2016}}</ref> In March 2015, Westwood said, "It is important to me that my business affairs are in line with my personal values. I am subject to UK tax on all of my income".<ref>{{cite web|url=http://www.vogue.co.uk/news/2015/03/11/vivienne-westwood-responds-to-tax-avoidance-claims|title=Vivienne Westwood Responds To Tax Avoidance Claims|website=British Vogue|date=11 March 2015|access-date=21 February 2016}}</ref> Later in 2015, she said that she had restructured her corporate tax arrangements to try to align them with the Green Party's policy.<ref name="climaterevolution.co.uk"/>