Gabby Logan is the latest household name to admit being part of the tax avoidance scheme used by Gary Barlow and Colin Jackson.
The sports presenter invested thousands into Icebreaker, a company which purported to support young musicians.
However, a recent court ruling said the firm was "understood by all concerned to be a tax avoidance scheme".
Logan says she invested in the scheme in "good faith" and vowed "to pay any tax" she owes.
She added that she pulled out of the scheme in 2012.
Logan issued the following statement on her website, following press speculation about her involvement in the scheme.
"I was advised about a business opportunity six years ago (2008) and I invested in good faith.
"It was explained to me as a way of funding new acts in the
music industry. Because of information which came to light in 2012, I
decided the investment was not right for me.
"With new professional help and advisors, I have for some
time been working to resolve the issue and I fully intend to pay any tax
which should have been paid, had I not entered the business.
The presenter said she had been "completely open and honest"
with HM Revenue & Customs (HMRC), adding: "I have never hidden
anything."
A former gymnast, Logan now presents sports coverage for the BBC and ITV reality show Splash!
Logan took part in the fifth series of Strictly Come Dancing in 2007
Take That singer Gary Barlow - along with band-mates Howard
Donald and Mark Owen, and manager Jonathan Wild - were among about 1,000
people who put money into the Icebreaker scheme.
Since March 2010, the four men have been directors of
Larkdale LLP - one of 50 partnerships that Icebreaker arranged to
harness tax reliefs that the government had intended would support those
in creative industries.
The tribunal found that shortly after money was put in to Larkdale LLP, it reported huge losses of more than £25m.
Those losses could then be offset against tax, reducing the men's tax bills.
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