Film Scheme Fraud
12/2/2016 • 0 Comments •
Successive governments in the UK have appreciated the value of maintaining and nurturing a British Film Industry. It creates jobs for those taking part in the production of the films and contributes to both the UK economy and our cultural life. In order to encourage and incentivise the making of films in the UK there have been (since 1982) a series of allowances and reliefs available within the tax system. These have changed over the years as H.M. Revenue & Customs believe there has been a targeted abuse of the various systems created. There have been a number of prosecutions arising out of the alleged improper use of film scheme tax relief schemes and one recent case of note is one that we, as a firm, were engaged in - namely “Operation Crystallite”. Read More…