MP Geoffrey Cox denies wrongdoing in ‘tax avoidance’ probe
TORRIDGE and West Devon MP Geoffrey Cox has said he invested in an alleged tax avoidance scheme in good faith.
A leading national newspaper claimed that Mr Cox is one of a number of top officials and celebrities investing in Phoenix Film Partners LLP.
HM Revenue & Customs has moved against the movie investment scheme which was designed to avoid tax, and is now demanding that its users pay up.
Mr Cox, whose constituency includes Tavistock and parts of the north of Plymouth, said: “I was introduced to Ingenious, the organisers of Phoenix, approximately six years ago by professional advisers