HMRC scores another win in film tax battle
HM Revenue & Customs has extended its run of victories against schemes seeking to exploit tax breaks for the UK film industry.
Film Scheme
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HMRC rejects film industry tax avoidance criticism
HM Revenue & Customs (HMRC) has rejected criticism over how it has handled the exploitation of tax breaks for the film industry, which Treasury chairman Andrew Tyrie claims has been “financially calamitous” for some investors.
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Top HMRC criminal cases of 2016
HM Revenue & Customs (HMRC) has revealed its 10 most significant fraud and organised crime cases of 2016. In the ongoing fight against tax evasion, HMRC prosecuted a range of tax fraudsters leading to 679 individuals being convicted for their part in tax crimes, with sentences for 2016 totalling more than 730 years.
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Film scheme investors to be hit by big tax bill, says HMRC
HM Revenue & Customs (HMRC) has told tax advisers that it will issue payment demands to investors in the Eclipse Film Partnership schemes at levels potentially 10 times higher than their original investment.
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Offshore film scheme gang found guilty of £100m HMRC fraud
A group of financial advisers and accountants have been found guilty of operating a fraudulent tax avoidance scheme to scam the HM Revenue and Customs (HMRC) out of £100m (£145m, €128m), the UK tax office has revealed.
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Celebs face £635m tax bill as Supreme Court rejects appeal
Celebrity investors in a film scheme involving the distribution rights to two Disney films face a combined tax bill worth over £600m ($845m, €754m) after the Supreme Court rejected its final appeal against HM Revenue & Customs (HMRC) over £117m the scheme received in tax relief.
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HMRC set for Supreme Court fight over film scheme
A film scheme involving the distribution rights to two Disney films is taking HM Revenue & Customs to the UK Supreme Court to defend the £117m ($166m, €145.5m) it received in tax relief.
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IFA and accountant jailed in UK for film tax fraud
An accountant and an independent financial adviser have been jailed in the UK following their conviction for attempting to steal millions in a tax fraud linked to the film industry.
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IFA and tax promoter guilty of film tax fraud
An IFA and an accountant have been convicted of attempting to steal millions in a tax fraud linked to the film industry.
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Footballers face £100m losses on film scheme investments
Two financial advisers are responsible for losing as many as 100 top footballers more than £100m from investing in film and property ventures.
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Global film scheme gang on trial for £100m tax fraud
A financial adviser and a group of film producers who set up an international scheme are facing a trial for fraud.
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FSCS reviews ‘complex’ claims against financial advisers
Claims brought against financial advisers who gave tax advice on “complex” investments such as film partnerships are to be reviewed by the UK’s Financial Services Compensation Scheme.