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- Ingenious Media companies behind a film finance scheme scored a win in their complex fight against Britain's tax authority after an appeals court ruled Wednesday that they were profit-seeking businesses for tax purposes, opening the door to reviving a £64 million ($88.9 million) slice of the dispute.
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Aug 6, 2021 · Judy. 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...
Tax avoidance case. In July 2014, Ingenious Media was investigated by HMRC for promoting tax avoidance schemes. In October 2014, HMRC sent "accelerated payment notices" to people who had invested with Ingenious Media, demanding payment of substantial amounts of tax.
YearTitleDirectorDistributor2019Madman Entertainment (Australia & New ...201920192019Aurora Alliance Films and Well Go USA ...- 1998
- 80
- Investment
Aug 5, 2021 · The Ingenious fund, backed by celebrities including David Beckham, Sacha Baron Cohen, enabled investors to offset their taxable income.
Oct 19, 2016 · Wed 19 Oct 2016 10.12 EDT. The taxpayer is facing a multimillion-pound legal bill after a supreme court judge found against HM Revenue and Customs in a four-year battle with the financial adviser...
Jul 31, 2015 · More than 150 members of Ingenious Media scheme labelled as tax avoidance by HMRC fail in bid to overturn new rules imposed by George Osborne Simon Bowers Fri 31 Jul 2015 14.47 EDT Last...
By Joanne Faulkner. Law360, London (May 12, 2022, 6:44 PM BST) -- Ingenious Media has reached a deal to settle with hundreds of investors seeking to hold it responsible for a film tax relief...
Aug 4, 2021 · A U.K. film production company that marketed a tax avoidance strategy to celebrities can claim a small fraction of trading losses linked to the strategy, the Court of Appeal said in a ruling.