Celebrity tax avoidance scheme seeks backing for Supreme Court fight

The Eclipse 35 scheme, run and promoted by Future Capital Partners, reportedly counted former football managers Sir Alex Ferguson and Sven-Goran Eriksson among its nearly 300 investors. They face paying around £635m in unpaid tax and penalties. In February the Court of Appeal dismissed Future Capital Partner's appeal against an earlier ruling in favour of HM Revenue and Customs (HMRC). But in a last throw of the dice, Future Capital is fund raising to take its case to the Supreme Court. In an email seen by Professional Adviser, Future Capital managing director Tim Levy wrote to ...