Category: Ingenious Media

HMRC accused of hypocrisy over tax avoidance stance

Pinsent Masons has accused HM Revenue & Customs (HMRC) of hypocrisy over its recent approach to tax planning and avoidance. Fiona Fernie, a partner at the law firm, said many of the government department’s investigations of late had been politically motivated, “concentrating on the best soundbites for ministers”. Tax avoidance...

Ingenious, HSBC, UBS and Coutts sued by ‘tax avoidance’ clients

Private client banks such as Royal Bank of Scotland’s Coutts, HSBC and UBS have been sued by clients for wrongly advising them to invest in film investment specialist Ingenious as its schemes have since been labelled by tax authorities as tax-avoidance vehicles. Ingenious Media and around 50 other associated financial...

Now David Beckham is set to receive tax demand: HMRC targets celebrities and sportsmen who have invested in potential tax avoidance projects

David Beckham, cricketer David Gower and Conservative MP Andrew Mitchell are among those set to receive tax demands totalling millions of pounds after investing in potential tax avoidance projects. HM Revenue & Customs is understood to have been sending out letters to investors in film finance schemes set up by...

Conservative MP implicated in tax avoidance scheme

A CONSERVATIVE MP invested in an alleged tax avoidance scheme currently under investigation by HM Revenue & Customs. Conservative Geoffrey Cox QC – a top lawyer at Thomas More Chambers – is one of 230 who put cash into Pheonix Film Partners, run by Ingenious Media, the Mirror reports. Pheonix...