Film Scheme
Investors lose appeal over film tax avoidance scheme
Promoters ‘will take every step to limit their liabilities should things not pan out as expected’
Ingenious suffers court defeat against HMRC over film schemes
Taxman can now collect £1.6bn in outstanding liabilities
Barrister owed no duty of care to film investors
After they were refused tax reliefs from HMRC
Film investment scheme reaches settlement with HMRC
Investors will now not need to pay £1.6bn in ‘dry tax’
HMRC loses court battle over Ingenious film scheme
‘We are considering what further options are open to us in relation to these proceedings’