Search results
- HM Revenue and Customs claimed victory in a tax avoidance battle over schemes run by Ingenious Film Partnership and Icebreaker, worth more than £820m. The Ingenious scheme tried to use artificial losses arising from backing a range of films, said HMRC. They included Avatar, Life of Pi and Die Hard 4.
www.bbc.com/news/business-36986483
People also ask
Why is HMRC attacking Ingenious Film Partners 2 LLP?
Did HM Revenue & Customs win a tax avoidance battle over icebreaker?
Are ingenious film tax schemes trading with a view to make a profit?
Why did ingenious get sued by HMRC?
Aug 6, 2021 · Five years ago, after Ingenious film partnerships were dubbed tax-avoidance schemes by HMRC, Ingenious was sued by a group of 220 of its own investors who accused it of “negligence,...
Aug 5, 2021 · HMRC claimed the schemes artificially invented losses on profitable films and amounted to “tax avoidance.” The schemes “sought to use artificial losses arising from investments to avoid...
The scope of the appeal is confined, by the permission granted by Arnold LJ, to two issues which lie at the heart of tax avoidance schemes which were marketed by the Ingenious Media Group (“Ingenious”) to wealthy individual taxpayers in the tax years 2002/03 to 2009/10 inclusive. 3.
Feb 9, 2018 · Stewarts is acting for over 240 investors in a £100m claim against Ingenious Media, a British media investment group whose film/video game partnerships have been branded as tax avoidance schemes by HMRC.
- dpickstone@stewartslaw.com
- Head of Tax Litigation And Resolution
Oct 21, 2016 · Last year, Ingenious Media lost its legal appeal that HMRC had breached its duty of confidentiality and acted unlawfully by discussing the investment company’s controversial film investment schemes with journalists from the Times newspaper.
Aug 8, 2016 · The First-tier Tax Tribunal's eagerly awaited decision in the Ingenious film partnerships case has left both parties, Ingenious and HM Revenue & Customs, claiming a victory.
Aug 5, 2016 · HM Revenue and Customs says it has won two major tax avoidance battles against the Ingenious Film Partnership and Icebreaker over schemes worth more than £820m.
