Industry News & Comment

/Industry News & Comment
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Rooney faces Ā£3.5m bill through ā€˜tax avoidanceā€™

England captain challenged by Revenue and Customs over suspect film scheme.
Wayne Rooney is facing a Ā£3.5 million charge after tax authorities challenged a suspected avoidance scheme in which he was the largest investor.

The football star, […]

By |October 9th, 2016|Categories: IFA News, Investor News, Latest News, Uncategorised|Comments Off on Rooney faces Ā£3.5m bill through ā€˜tax avoidanceā€™

EIS Film Funding – Does it matter that on average only 7% of all British films make a profit?

British Films like Skyfall, Slumdog Millionaire, The Woman In Black and The King’s Speech were internationalĀ hits – putting them in the minority.
Just 7% of films made in the UK turn a profit, according to recent […]

By |September 23rd, 2016|Categories: Uncategorised|Comments Off on EIS Film Funding – Does it matter that on average only 7% of all British films make a profit?

ā€˜IFAs as enablersā€™: How HMRC will target advisers behind tax avoidance schemes

HM Revenue & Customs has set out how its plans to impose fines on firms promoting tax avoidance schemes will work in practice.

In aĀ consultation paperĀ on strengthening tax avoidance penalties and deterrents, HMRC includes IFAs within […]

By |August 25th, 2016|Categories: IFA News, Investor News, Latest News|Comments Off on ā€˜IFAs as enablersā€™: How HMRC will target advisers behind tax avoidance schemes

CIDG Launches its Round 2 EIS Raise with HMRC Advanced Assurance

Set up in February 2015 by industry professionals, Compare Investments Dot Guru (CIDG) has formulated a comprehensive strategy to become the only source of impartial and trusted financial product comparisons and reporting in the marketplace […]

By |August 15th, 2016|Categories: Equities News, IFA News, Investor News, Latest News, Pension News, Uncategorised|Comments Off on CIDG Launches its Round 2 EIS Raise with HMRC Advanced Assurance

Ingenious hits back at ā€˜falseā€™ HMRC claims in film partnership case

Film partnership firm Ingenious has hit back at HMRC forĀ ā€œdeliberately confusingā€ the scheme with proven tax avoidance schemes.

Ingenious chief executiveĀ Neil Forster has accused HMRC of making assertions that are ā€œfactually wrongā€ and for incorrectly linking […]

By |August 8th, 2016|Categories: IFA News, Investor News, Uncategorised|Comments Off on Ingenious hits back at ā€˜falseā€™ HMRC claims in film partnership case

Supreme Court rejects Tim Levy’s ‘Last throw of the Dice’ tax avoidance appeal

HMRC has won a three-year battle with a film scheme used by celebrities and sports stars to avoid tax, after the highest court in the land threw out its case.

The Supreme Court has dismissed a […]

By |April 14th, 2016|Categories: Uncategorised|Comments Off on Supreme Court rejects Tim Levy’s ‘Last throw of the Dice’ tax avoidance appeal

Please note: The information displayed below is reliant on third party sources – CIDG believe them to be reliable and are not responsible for any inaccuracies. This information does not amount to legal, taxation or accounting advice to any person.