A £117m FILM investment scheme involving Manchester United manager Sir Alex Ferguson is the subject of a tax tribunal currently being heard.
Ferguson (pictured) and former England manager Sven-Goran Eriksson invested in a Future Films scheme to buy rights to distribute two Disney films, the This is Money website has reported.
The scheme’s 250 members claimed they made huge losses on their investment, which they could set against their income to reduce tax bills, which is due to yield £117m in promised tax benefits.
HM Revenue & Customs has challenged the rebates and a tribunal ruling is due imminently.
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