That’s a wrap: Taxman wins big on film tax case
HM Revenue & Customs (HMRC) had reason to celebrate late last week, when it won two tax avoidance scraps worth more than £820m combined in tax owed and interest. Read more here.
HM Revenue & Customs (HMRC) had reason to celebrate late last week, when it won two tax avoidance scraps worth more than £820m combined in tax owed and interest. Read more here.
HM Revenue and Customs claimed victory in a tax avoidance battle over schemes run by Ingenious Film Partnership and Icebreaker, worth more than £820m. The Ingenious scheme tried to use artificial losses arising from backing a range of films, said HMRC, read more here.
HMRC has claimed a “hands down” victory over Ingenious Media in a long running tax avoidance dispute. Ingenious, however, has claimed the Revenue is trying to divert attention from “the main point” of the ruling. Read more here.
The judgment can be located here.