Estimated £100m ($145m) of tax repayments claimed through fraudulent film investment scheme.
Four UK film executives have been found guilty of operating a fraudulent film investment scheme that was used to claim an estimated £100m ($145m) of tax repayments.
The men were found guilty at Birmingham Crown Court after they were shown to have falsely claimed to have invested £275m ($400m) in feature films and used offshore companies to hide their activities, the Financial Times reported on Friday.
The four executives comprise former Little Wing Films partners Charles Savill and Keith Hayley; Robert Bevan, a former co-director at film sales company Salt; and Monaco-based accountant and corporate services provider Norman Leighton.
More than 275 investors contributed more than £76m ($110m) to the scheme, according to Hm Revenue & Customs. The scheme used tax breaks to attract investment from footballers, investment bankers and a pop star.
The men claimed to have spent more than £250m ($365m) on pre-production and development...
Four UK film executives have been found guilty of operating a fraudulent film investment scheme that was used to claim an estimated £100m ($145m) of tax repayments.
The men were found guilty at Birmingham Crown Court after they were shown to have falsely claimed to have invested £275m ($400m) in feature films and used offshore companies to hide their activities, the Financial Times reported on Friday.
The four executives comprise former Little Wing Films partners Charles Savill and Keith Hayley; Robert Bevan, a former co-director at film sales company Salt; and Monaco-based accountant and corporate services provider Norman Leighton.
More than 275 investors contributed more than £76m ($110m) to the scheme, according to Hm Revenue & Customs. The scheme used tax breaks to attract investment from footballers, investment bankers and a pop star.
The men claimed to have spent more than £250m ($365m) on pre-production and development...
- 6/7/2016
- by andreas.wiseman@screendaily.com (Andreas Wiseman)
- ScreenDaily
Similar News
“Stop trying to talk us out of hiring you!”: Kevin Conroy Became a Major Pain for Andrea Romano After His Surprise Batman Casting
- 4/25/2024
- by Santanu Roy
- FandomWire
Which 'Twilight' Star is the Richest? We Ranked the Cased Based on Net Worth, & the Top Earners are Worth More Than $100 Million
- 4/25/2024
- by Just Jared
- Just Jared
Blink Twice | Trailer released for Zoe Kravitz’s directorial debut
- 4/24/2024
- by Jake Godfrey
- Film Stories
Sienna Miller - Spring and Summer
- 4/17/2024
- by Unknown
- SneakPeek
Bridgerton: Phoebe Dynevor Was Embarrassed With Her Intimate Scenes With Rege-Jean Page Being Played In Front Of Family, Guess What Happened Next?
- 4/15/2024
- by Pooja Darade
- KoiMoi
When Keira Knightley Declared Atonement’s ‘Bookshelf Scene’ The Best Love-Making Scene Ever But For James McAvoy It Was ‘Sweaty & Uncomfortable’
- 4/13/2024
- by Esita Mallik
- KoiMoi
“I was always an actor”: Late Night Host Stephen Colbert Who Starred in The Office Reveals his Dream Role if He Ever Returned to Acting
- 4/22/2024
- by Nishanth A
- FandomWire
Roger Dicken Dies: Oscar-Nominated ‘Alien’ & ‘When Dinosaurs Ruled The Earth’ VFX Artist Was 84
- 4/18/2024
- by Zac Ntim
- Deadline Film + TV
Roger Dicken, VFX Artist on ‘Alien’ and ‘When Dinosaurs Ruled the Earth,’ Dies at 84
- 4/18/2024
- by Mike Barnes and Rhett Bartlett
- The Hollywood Reporter - Movie News
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.
More to explore
New Harry Potter Audiobook Series in the Works With 100-Plus Actors
- 4/25/2024
- by Caitlin Huston
- The Hollywood Reporter - Movie News
’28 Years Later’ Adds Aaron Taylor-Johnson, Jodie Comer and Ralph Fiennes
- 4/24/2024
- by Katcy Stephan
- Variety Film + TV
American Black Film Festival 2024 Lineup Includes Vivica A. Fox and Jussie Smollett-Starring Drama (Exclusive)
- 4/24/2024
- by Angelique Jackson
- Variety - Film News
‘Wednesday’ Season 2 Casts Thandiwe Newton (Exclusive)
- 4/23/2024
- by Joe Otterson
- Variety - TV News
Terry Carter, ‘Battlestar Galactica’ and ‘McCloud’ Actor, Dies at 95
- 4/23/2024
- by Lexi Carson
- Variety - Film News
Australian Police Arrest ‘Home and Away’ Actor Orpheus Pledger After Manhunt
- 4/25/2024
- by Patrick Frater
- Variety - TV News
’28 Years Later’ Adds Aaron Taylor-Johnson, Jodie Comer and Ralph Fiennes
- 4/24/2024
- by Katcy Stephan
- Variety Film + TV
Julio Torres's "Problemista" Shows the US Immigration System Is a Relentless Maze
- 4/24/2024
- by Johanna Ferreira
- Popsugar.com
Chuwi Is the Voice of a New Puerto Rican Generation
- 4/23/2024
- by Juan Arroyo
- Popsugar.com
Camila Mendes on Why We Need More Latine Representation in Rom-Coms
- 4/22/2024
- by Brenda Barrientos
- Popsugar.com
Chris Jericho’s Wrestling Action Horror Film ‘Dark Match’ Sales to Be Launched at Cannes Market by Blue Finch (Exclusive)
- 4/25/2024
- by Naman Ramachandran
- Variety - Film News
Michael Cera Christmas Movie Boarded by Magnify Ahead of Cannes’ Directors Fortnight Premiere (Exclusive)
- 4/25/2024
- by Elsa Keslassy
- Variety - Film News
‘Expats’ Star Ruby Ruiz to Lead James J. Robinson’s Directorial Debut ‘First Light’ (Exclusive)
- 4/25/2024
- by Alex Ritman
- Variety - Film News
‘Goodbye Julia,’ ‘Four Daughters’ Lead Critics Awards for Arab Films Nominations Ahead of Cannes Ceremony
- 4/25/2024
- by Nick Vivarelli
- Variety - Film News
Fred Schepisi Sets Israeli Thriller ‘The Dimona Affair’ as Next Directorial Project (Exclusive)
- 4/25/2024
- by K.J. Yossman
- Variety - Film News
Fred Schepisi Sets Israeli Thriller ‘The Dimona Affair’ as Next Directorial Project (Exclusive)
- 4/25/2024
- by K.J. Yossman
- Variety - Film News
’28 Years Later’ Adds Aaron Taylor-Johnson, Jodie Comer and Ralph Fiennes
- 4/24/2024
- by Katcy Stephan
- Variety Film + TV
American Black Film Festival 2024 Lineup Includes Vivica A. Fox and Jussie Smollett-Starring Drama (Exclusive)
- 4/24/2024
- by Angelique Jackson
- Variety - Film News
‘Expats’ Star Ruby Ruiz to Lead James J. Robinson’s Directorial Debut ‘First Light’ (Exclusive)
- 4/25/2024
- by Alex Ritman
- Variety - Film News
‘Goodbye Julia,’ ‘Four Daughters’ Lead Critics Awards for Arab Films Nominations Ahead of Cannes Ceremony
- 4/25/2024
- by Nick Vivarelli
- Variety - Film News
‘Beef,’ ‘A Small Light,’ ‘Heartstopper’ Among 2024 Television Academy Honors Recipients
- 4/25/2024
- by Michael Schneider
- Variety - TV News
‘Wednesday’ Season 2 Casts Thandiwe Newton (Exclusive)
- 4/23/2024
- by Joe Otterson
- Variety - TV News
Terry Carter, ‘Battlestar Galactica’ and ‘McCloud’ Actor, Dies at 95
- 4/23/2024
- by Lexi Carson
- Variety - Film News
‘Doctor Who’ Regenerates: How Ncuti Gatwa’s Historic Casting, Russell T Davies’ Return and a Disney+ Deal Revolutionized the Franchise
- 4/25/2024
- by Ellise Shafer
- Variety - TV News
Late Night Ratings: Tuesday, April 23, 2024
- 4/25/2024
- by A.J. Katz
- LateNighter