HM Revenue & Customs (HMRC) has won a tax avoidance case against film partnership schemes that acquired interests in films that included The Queen and the Roman Polanski remake of Oliver Twist, protecting more than £26m of taxpayers’ money.
The Court of Appeal today ruled in favour of HM Revenue and Customs against Eclipse Film Partners (No 35) LLP, protecting an estimated £635 million in tax.
HM Revenue and Customs (HMRC) has clocked up another three major legal victories over corporate tax avoidance schemes, protecting over £100 million of tax.
HMRC is responsible for making sure that the money is available to fund the UK’s public services and for helping families and individuals with targeted financial support.
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