Investors lose appeal over film tax avoidance scheme
Promoters ‘will take every step to limit their liabilities should things not pan out as expected’
Film Scheme
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Ingenious suffers court defeat against HMRC over film schemes
Taxman can now collect £1.6bn in outstanding liabilities
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Barrister owed no duty of care to film investors
After they were refused tax reliefs from HMRC
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Film investment scheme reaches settlement with HMRC
Investors will now not need to pay £1.6bn in ‘dry tax’
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HMRC loses court battle over Ingenious film scheme
‘We are considering what further options are open to us in relation to these proceedings’
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Actor has assets frozen for involvement in $690m Ponzi scheme
He and his company promised 35% returns by reselling film rights to Netflix and HBO
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HSBC hit with £1.3bn lawsuit over film investment scheme
Over 370 investors allege private banking arm failed to trade or exploit Disney movie rights
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IFA firm fails to get film scheme negligence case dismissed
Ex-Premier League footballers Andy Cole and Robbie Savage among the investors
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Footballers fail to recover film scheme losses from banks
Court found that the case was unlikely to succeed
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Canaccord clients seek redress over film scheme
The wealth management firm will “vigorously defend itself” if claims are advanced
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Film scheme fraudsters ordered to repay over £2m
A former IFA, an accountant and two film producers have been ordered to repay more than £2m ($2.6m, €2.3m) that they scammed from investors in a film tax fraud.
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Celebrity film scheme to appeal £700m tax case decision
British investment advisory group Ingenious Media said it will appeal an August 2016 Tax Tribunal ruling on the status of its film production partnerships, which date back as far as 2002 and involve many famous actors and footballers.