Former Man United star invested £33.5m in the scheme
Ingenious Film fought HMRC decision at tax tribunal
Misled investors and HMRC on scheme's losses
Business executives and sport stars - among them David Beckham - have been warned they must pay HM Revenue and Customs more than £520m after a government crackdown on tax avoidance schemes.
A fraudster who reaped £1.6m in VAT from HM Revenue & Customs (HMRC) by pretending to be a number of dead Hollywood film producers, has been jailed for more than three years.
IFA 20Twenty Independent has entered voluntary liquidation after a spate of claims against it relating to a film tax avoidance scheme.
A gang who made a film starring a former Eastenders actor solely as a £2.8m tax scam have been convicted at Southwark Crown Court.
Celebrities including Wayne Rooney and Anne Robinson could face massive tax bills from the Inland Revenue, following an investigation into Ingenious Media's Inside Track fund.
The UK government has increased the amount of tax relief available to British film productions to encourage more home grown movies, just months after unveiling VCT tax breaks aimed at the investors in British films.