View the article online at http://citywire.co.uk/wealth-manager/article/a760755
David Beckham among stars facing £520m tax bill on Ingenious alert
by Dylan Lobo on Jul 08, 2014 at 08:15
The warning is the latest twist in the HMRC long-running battle against film investment schemes and Ingenious.
In March Ingenious wrote to clients describing HMRC’s attack as ‘draconian’ and denied the schemes were established to avoid tax and said it intended to fight the case at a tax tribunal scheduled for November.
At the end of December 2012 HMRC wrote to individuals who had taken part in these schemes offering them a settlement opportunity.
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