Beckham joins celebs facing £520m bill over tax schemes

Former England star Beckham (pictured), alongside other famous faces including Dame Clara Furse of the Bank of England's Financial Policy Committee, and Lord Hollick the financier and former media boss, have all been warned by investment company Ingenious Media they could face hefty tax bills, the FT reports. Ingenious Media allowed its clients to invest in films through partnerships. While these made early losses of £1.3bn, investors could then offset their losses against their other income and consequently reduce tax bills. But the firm has now issued a warning to 1,300 past and pre...