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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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3 comments so far. Why not have your say?

Ryan Porter

Jul 08, 2014 at 08:38

I was interviewed by this firm for a sales role late last year. It was like walking into a Saatchi and Saatchi art exhibition. They told me I wasn't of the 'right calibre' for them. An ex colleague had warned me not to go near them. Lucky escape methinks.

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Badders

Jul 08, 2014 at 09:09

Good. Why should the rich get extra bunce from the tax payer. Greed, greed, greed.

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Rob C

Jul 08, 2014 at 09:09

The FT article has slightly more information. Not sure if this was an 'avoidance' scheme or a 'deferral' scheme. Either way, it's easy to see which way the wind is blowing.

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