The dressing down followed a clampdown on the film industry in February, when chancellor Gordon Brown brought in measures to curb the exploitation of film financing.
Jonathan Ivinson, head of tax at law firm Hogan & Hartson, said: ‘A clampdown will mean a substantial drop in film funding in this country.
‘The film industry is pretty mobile, and tax incentives do increasingly play a significant role in determining where a picture gets made,’ said Ivinson.
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Since the release of HMRC’s plans for digital tax reforms, many have agreed with the call for a delay