HM Revenue and Customs has defeated a tax avoidance scheme used by the wealthy to reduce their tax bills. The decision on the scheme, known as Clavis Liberty Fund 1 Limited Partnership, meansÂ Â£18m of taxÂ money [...]
High-risk venture: tax breaks which financed James Bond are coming under fire Film investment schemes that have helped finance a string of hits, including the James Bond movie Skyfall, are under threat from a government [...]
Jefferies accused of yielding to pressure to win clients The City watchdog is investigating an American investment bank over claims that senior managers improperly interfered with the work of analysts in its research department, an [...]
HM Revenue & Customs lost only three of the tax avoidance cases which went to court during 2016/17. During that year there were a total of 26 decisions in litigation over tax avoidance between HMRC [...]
By David Newman|2017-08-24T13:48:52+01:00August 24th, 2017|Categories: Uncategorised|Comments Off on HMRC hits winning streak in tax avoider crackdown
A senior figure in the EIS community is warning advisers that they should start their EISÂ â€˜seasonâ€™ early, way before the traditional period of January to the end of the tax year.Â CEO of Kuber Ventures Dermot [...]
England captain challenged by Revenue and Customs over suspect film scheme. Wayne Rooney is facing a Â£3.5 million charge after tax authorities challenged a suspected avoidance scheme in which he was the largest investor. The [...]
British Films like Skyfall, Slumdog Millionaire, The Woman In Black and The King's Speech were internationalÂ hits - putting them in the minority. Just 7% of films made in the UK turn a profit, according to [...]
By David Newman|2021-12-22T13:48:48+00:00September 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?
HM Revenue & Customs has set out how its plans to impose fines on firms promoting tax avoidance schemes will work in practice. In a consultation paper on strengthening tax avoidance penalties and deterrents, HMRC includes [...]
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