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Stewarts is acting for a number of investors in Ingenious Media’s film/game investment partnerships, after being branded as tax avoidance by HMRC. Group action begun on behalf of 220 investors who have together invested over £100m in cash – with losses thought to exceed that figure.
Feb 9, 2018 · Stewarts is acting for over 240 investors in a £100m claim against Ingenious Media, a British media investment group whose film/video game partnerships have been branded as tax avoidance schemes by HMRC.
- dpickstone@stewartslaw.com
- Head of Tax Litigation And Resolution
Aug 6, 2021 · Five years ago, after Ingenious film partnerships were dubbed tax-avoidance schemes by HMRC, Ingenious was sued by a group of 220 of its own investors who accused it of “negligence,...
Investors in film schemes that HMRC has branded as tax avoidance are suing a company that offered them and leading banks for more than £100m of losses. The law suit against Ingenious Media,...
Sep 9, 2016 · A group of investors in Ingenious Media's film and game investment partnerships is taking legal action against the company and banks including UBS and Coutts, after the latest First Tier Tribunal (FTT) ruling branded elements of the scheme as tax avoidance, reports Pat Sweet.
Aug 6, 2021 · The EWCA reversed the Upper Tax Tribunal’s decision in the long-running litigation regarding film investment schemes. In 2019, the Upper Tribunal ruled that the investment partnerships Inside Track Productions, Ingenious Film Partners 2 and Ingenious Games were not intending to make a profit.
People also ask
Are Ingenious Media's Film/Video Game investment partnerships legitimate?
Are ingenious's film tax schemes trading to make a profit?
Why is HMRC attacking Ingenious Film Partners 2 LLP?
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.
