UK appeal court upholds key film partnership ruling, as HMRC criticised over film industry tax probes

A UK appeals court recently upheld a key ruling against two film scheme partnerships that were marketed as a legal tax avoidance measure designed to encourage the development of the UK’s film industry, agreeing with a tax tribunal’s ruling last year that the schemes had not been found to be genuinely “trading” as claimed, and thus failed to qualify for the receipt of tax relief.

Speaking to International Investment, Frank Strachan, partner and head of tax at Edwin Coe, said he thought the member of Parliament was “absolutely right” in calling the chancellor’s attention to the matter. To read the full article please click here.