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[3] [4] In October 2014, HMRC sent "accelerated payment notices" to people who had invested with Ingenious Media, demanding payment of substantial amounts of tax. [5] The tax bill following his investment in the scheme was cited in the subsequent bankruptcy hearings of the former Liverpool and Republic of Ireland footballer, Steve Staunton. [ 6 ]
Enquiries made by HMRC into elections made by members of a film partnership, in respect of the utilisation of losses made by that partnership, were valid where the enquiry was made into the partnership return rather than specifically into the claims made by the individuals. [6] Gordon v Campbell Riddell Breeze Paterson LLP [2017] UKSC 75: 15 ...
The Tory chairman is facing questions over whether he was chancellor at the time he negotiated the settlement.
The settlement of the lawsuit defines legal requirements of the parties and is often put in force by an order of the court after a joint stipulation by the parties. In other situations (as where the claims have been satisfied by the payment of a certain sum of money), the plaintiff and defendant can simply file a notice that the case has been ...
The Ingenious Group, which ran a film investment firm backed by entertainment industry figures including David Beckham, Sacha Baron Cohen and “Harry Potter” producer David Heyman, has won a £ ...
Attorneys for Disney and film-financing firm TSG Entertainment jointly filed a request for dismissal in Los Angeles Superior Court on Jan. 5, indicating that the dueling parties have agreed to end ...
In February 2015, it was reported that Buckland was one of a number of individuals investing in the Invicta Film Partnership, which HM Revenue and Customs (HMRC) had alleged to be a tax avoidance scheme. This followed a tax tribunal that had ruled that two film partnership schemes were being used primarily for tax avoidance rather than for ...
The Eady Levy was a tax on box-office receipts in the United Kingdom, intended to support the British film industry. It was introduced in 1950 as a voluntary levy as part of the Eady plan, named after Sir Wilfred Eady, a Treasury official. The levy, paid into the British Film Production Fund, was made compulsory in 1957 and terminated in 1985.