Supreme Court backs HMRC over £1bn film tax avoidance scheme

The Supreme Court today ruled against the two users - Mr De Silva and Mr Dokelman - of what HMRC deemed to be, a failed tax avoidance film partnership scheme, which it claimed tried to use legitimate investment in the film industry as a "hook" for tax avoidance. "The two taxpayers were limited partners in various limited partnerships, established under the Limited Partnerships Act 1907. The general partner of the partnerships was Investing in Enterprise Ltd," the Supreme Court ruling said.  "The taxpayers became partners in these partnerships in implementation of marketed tax avoidanc...