Industry News & Comment

/Industry News & Comment

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.

Ingenious hits back at ‘false’ HMRC claims in film partnership case

Film partnership firm Ingenious has hit back at HMRC for “deliberately confusing” the scheme with proven tax avoidance schemes. Ingenious chief executive Neil Forster has accused HMRC of making assertions that are “factually wrong” and for incorrectly linking it to tax avoidance scheme Icebreaker. The comments come after both HM Revenue and Customs and Ingenious film partnerships […]

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 ‘last throw of the dice’ appeal from Eclipse 35 brought by its creator Future Capital Partners and 287 investors, […]

Rebus sells claims against IFAs for £100k

HMRC takes Eclipse 35 film scheme investor battle to Supreme Court

HM Revenue & Customs is to launch a multi-million pound battle in the Supreme Court with a group of film scheme investors. A hearing will open on Wednesday over a £503m deal between an investment group and Walt Disney Pictures. Members of Eclipse 35 paid the sum to acquire the distribution rights on two Disney […]

Fos rules film scheme did not advise client

An investor has complained about two companies which he claimed gave him unsuitable advice to put his money into a series of film partnership schemes. The man, referred to as Mr T, complained to the Financial Ombudsman Service about Ingenious Ventures Ltd and Ingenious Media Investments Ltd. He originally invested in three film partnership schemes […]

HMRC accused of hypocrisy over tax avoidance stance

The EISA Annual Awards 2015 – Thursday 11th February 2016

The EIS Association Awards denote excellence in a number of EIS/SEIS fields. The Awards were presented at the House of Lords to firms, advisers, companies and individuals that achieved outstanding performance in the context of the EIS/SEIS schemes during 2015. This year attracted a record number of high-calibre entrants. The members of the independent judging […]

Compare Investments Dot Guru Sponsor the FTA Efficient Investments seminar at London Bridge

  David Newman and Mark Gilmore presented the ‘Compare Alternative Investments Dot Guru’ website and thought process behind the business, to more than 90 IFAs from London and the South East at the FTA Efficient Investment Seminar held at 1 Southwark Bridge on the 20th January.

HMRC offers settlement deal on film partnership schemes

HM Revenue & Customs has written to film finance schemes offering a deal to settle long-running tax disputes which could raise hundreds of millions of pounds. The Financial Times reports HMRC’s counter-avoidance unit wrote to film partnerships last month following a Tribunal ruling last year against film partnership schemes Proteus 1 and Samarkand 3. The […]

Four out of 10 advisers look to increase their fees

Failing to take advantage of new revenue-making opportunities could be causing financial advisers to miss out on up to 100,000 worth of potential revenue each year, according to a poll by The referral platform provider asked 251 UK-based financial advisers and wealth managers about how much client case work is referred externally and how […]