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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