Former advisers found guilty of £100m film tax fraud

Accountant Keith Hayley and advisers Robert Bevan and Anthony Charles Savill - formerly of London-based Manager Driven Investment Ltd - were found guilty of defrauding UK investors of £76m through a film scheme, at Birmingham Crown Court on 12 May. The fraud will cost the taxpayer about £100m. The men had pretended to back film projects taking advantage of government tax breaks for the film industry through their company Little Wing Films. They boasted their scheme would get £130,000 in tax repayments from HM Revenue & Customs (HMRC) for every £100,000 invested by higher rate taxpayer...