Solstice Studios
Search results
- The Ingenious Group, which ran a film investment firm backed by entertainment industry figures including David Beckham, Sacha Baron Cohen and “Harry Potter” producer David Heyman, has won a £700 million ($975 million) appeal against Her Majesty’s Revenue and Customs (HMRC).
variety.com › 2021 › biz'Avatar' Film Funding Firm Wins $975 Million Tax Avoidance Case
In July 2014, Ingenious Media was investigated by HMRC for promoting tax avoidance schemes. [2] [3] In October 2014, HMRC sent "accelerated payment notices" to people who had invested with Ingenious Media, demanding payment of substantial amounts of tax. [4]
People also ask
Why is HMRC attacking Ingenious Film Partners 2 LLP?
Why did ingenious get sued by HMRC?
Who owns Ingenious Media?
Did ingenious lose its appeal against HMRC's initial ruling?
Aug 6, 2021 · UK tax authority HMRC (HM Revenue and Customs) has lost the latest installment of its complex and long-running legal battle with film financier Ingenious Media, which will now be looking to claw...
This appeal concerns the scope of the duty of confidentiality owed by Her Majesty’s Revenue and Customs (“HMRC”) in respect of the affairs of tax payers. The duty is now in statutory form. Commissioners for Revenue and Customs Act 2005. 2. Section 18 of the Act is headed “Confidentiality”.
- 256KB
- 14
The scope of the appeal is confined, by the permission granted by Arnold LJ, to two issues which lie at the heart of tax avoidance schemes which were marketed by the Ingenious Media Group (“Ingenious”) to wealthy individual taxpayers in the tax years 2002/03 to 2009/10 inclusive. 3.
Aug 5, 2021 · The Ingenious Group, which ran a film investment firm backed by entertainment industry figures including David Beckham, Sacha Baron Cohen and “Harry Potter” producer David Heyman, has won a £700...
Nov 3, 2016 · The Supreme Court has unanimously allowed Ingenious Media's application for judicial review against HMRC for disclosing information to the Times newspaper. The decision overturns that of the Court of Appeal, for which, see Legal update, Court of Appeal dismisses.
The Court of Appeal decision that handed down on 4th August this year will now enable taxpayers involved in the three Ingenious film partnerships to finally agree their liabilities with HMRC.
