Film investment scheme loses latest battle in HMRC tax dispute
Backed by Beckham, Rooney and others
Film partnership Ingenious lost the latest decision in an ongoing court dispute with HMRC over an approximated £700m tax bill, after a tribunal ruled losses eligible for tax relief were to be cut to a mere 4%.
Ingenious sought to challenge the HM Revenue & Customs (HMRC) charge of tax avoidance on investments in three of its subsidiaries. HMRC calculated the tax bill for the case was worth around £700m,...
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