Guy Hands was forced to pay back more than £15m in tax as a result of film
tax claims that went wrong.
The private equity tycoon testified yesterday that he was forced to pay more
than £15m in disallowed tax and £2.3m in interest on the schemes, which invested
in film flops including Tabloid TV, Silent Cry and Jimmy Fizz, the FT reported.
The schemes, run by Baker Tilly, are now the subject of a lawsuit, as
investors accuse the firm and barrister Adrian Shipwright of negligence in
signing off on the plans.
‘If I had been informed that there was a real possibility that I would lose
up to 60% of my investment, I would not have invested in the film schemes,’
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy