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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 […]
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, […]
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 […]
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 […]
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 […]
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.
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 […]
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 FBA.com. The referral platform provider asked 251 UK-based financial advisers and wealth managers about how much client case work is referred externally and how […]
