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
The trial of five UK executives charged with film tax relief fraud has begun at Birmingham Crown Court.
UK film executives Robert Bevan, Cyril Megret, Keith Hayley, Charles Savill and Norman Leighton each face charges of conspiracy to cheat the public revenue, conspiracy to defraud and conspiracy to falsify documents, according to the Crown Prosecution Service. All five deny the charges.
Andrew Penhale, deputy head of fraud at the Crown Prosecution Service, said in 2013: “Following an investigation by Hm Revenue and Customs, we have authorised charges against five individuals in connection with a tax relief fraud that allegedly cost the public revenue in the region of £125 million.
“It is alleged that, between 1 January 2002 and 11 July 2011, a tax relief that allows investors in the British film industry to offset losses against other tax liabilities was abused and dishonestly marketed in order to cheat the public revenue.
“The evidence suggests that the value of allowable losses was falsified...
UK film executives Robert Bevan, Cyril Megret, Keith Hayley, Charles Savill and Norman Leighton each face charges of conspiracy to cheat the public revenue, conspiracy to defraud and conspiracy to falsify documents, according to the Crown Prosecution Service. All five deny the charges.
Andrew Penhale, deputy head of fraud at the Crown Prosecution Service, said in 2013: “Following an investigation by Hm Revenue and Customs, we have authorised charges against five individuals in connection with a tax relief fraud that allegedly cost the public revenue in the region of £125 million.
“It is alleged that, between 1 January 2002 and 11 July 2011, a tax relief that allows investors in the British film industry to offset losses against other tax liabilities was abused and dishonestly marketed in order to cheat the public revenue.
“The evidence suggests that the value of allowable losses was falsified...
- 10/6/2015
- by andreas.wiseman@screendaily.com (Andreas Wiseman)
- ScreenDaily
The trial of five UK executives charged with film tax relief fraud has begun at Birmingham Crown Court.
UK film executives Robert Bevan, Cyril Megret, Keith Hayley, Charles Savill and Norman Leighton each face charges of conspiracy to cheat the public revenue, conspiracy to defraud and conspiracy to falsify documents, according to the Crown Prosecution Service. All five deny the charges.
Andrew Penhale, deputy head of fraud at the Crown Prosecution Service, said in 2013: “Following an investigation by Hm Revenue and Customs, we have authorised charges against five individuals in connection with a tax relief fraud that allegedly cost the public revenue in the region of £125 million.
“It is alleged that, between 1 January 2002 and 11 July 2011, a tax relief that allows investors in the British film industry to offset losses against other tax liabilities was abused and dishonestly marketed in order to cheat the public revenue.
“The evidence suggests that the value of allowable losses was falsified...
UK film executives Robert Bevan, Cyril Megret, Keith Hayley, Charles Savill and Norman Leighton each face charges of conspiracy to cheat the public revenue, conspiracy to defraud and conspiracy to falsify documents, according to the Crown Prosecution Service. All five deny the charges.
Andrew Penhale, deputy head of fraud at the Crown Prosecution Service, said in 2013: “Following an investigation by Hm Revenue and Customs, we have authorised charges against five individuals in connection with a tax relief fraud that allegedly cost the public revenue in the region of £125 million.
“It is alleged that, between 1 January 2002 and 11 July 2011, a tax relief that allows investors in the British film industry to offset losses against other tax liabilities was abused and dishonestly marketed in order to cheat the public revenue.
“The evidence suggests that the value of allowable losses was falsified...
- 10/6/2015
- by andreas.wiseman@screendaily.com (Andreas Wiseman)
- ScreenDaily
As 2010 draws to a close and the year’s films are placed into Top Tens and Best Of lists, it’s always good to take an alternative perspective on a year in cinema.
To this end HeyUGuys presents for your edification our movie awards – The Truffles. We asked our writers to sift through the movie mayhem of the past twelve months and come up with the awards they would want to see handed out.
We will be posting Part 1 of The Truffles today and we’ll be saving Part 2 for next Monday, so check back then for more awards.
Drum roll…
Craig Skinner
Best ‘difficult second album’ of 2010: The Brothers Bloom
Released in the UK this year, far too long after its initial Us release, Rian Johnson’s The Brothers Bloom provided me with two of the most enjoyable hours I spent at the cinema this year with its...
To this end HeyUGuys presents for your edification our movie awards – The Truffles. We asked our writers to sift through the movie mayhem of the past twelve months and come up with the awards they would want to see handed out.
We will be posting Part 1 of The Truffles today and we’ll be saving Part 2 for next Monday, so check back then for more awards.
Drum roll…
Craig Skinner
Best ‘difficult second album’ of 2010: The Brothers Bloom
Released in the UK this year, far too long after its initial Us release, Rian Johnson’s The Brothers Bloom provided me with two of the most enjoyable hours I spent at the cinema this year with its...
- 12/17/2010
- by Jon Lyus
- HeyUGuys.co.uk
I just received the news that beloved, character actor; Dennis Hopper passed away at the young age of 74. He had an incredible career that spanned more than 3.5 decades, which included such memorable movies like:
Easy Rider, True Grit (with John Wayne), Apocalypse Now, Blue Velvet, Rumble Fish (with Nicholas Cage, Mickey Rourke and Matt Dillon), The Osterman Weekend (with Rutger Huer, John Hurt and Craig T. Nelson), True Romance (as Christian Slater’s Father, also starred Christopher Walken and the late Christopher Penn), [even though the movie sucked-"WaterWorld"].
He was one of Hollywood’s “Real and True” bad boys, not the damn posers that we have today who “Think” they’re bad…Dennis, Jack Nicholson, Peter Fonda, Al Pacino, Robert DeNiro, and Christopher Walken, amongst others from that generation, knew how to live and keep everything in check and not be such publicity whores, who unfortunately dominate the sickening “Tabloid Scene” of today’s “Journalistic [hack-cough] Publications” of today.
Easy Rider, True Grit (with John Wayne), Apocalypse Now, Blue Velvet, Rumble Fish (with Nicholas Cage, Mickey Rourke and Matt Dillon), The Osterman Weekend (with Rutger Huer, John Hurt and Craig T. Nelson), True Romance (as Christian Slater’s Father, also starred Christopher Walken and the late Christopher Penn), [even though the movie sucked-"WaterWorld"].
He was one of Hollywood’s “Real and True” bad boys, not the damn posers that we have today who “Think” they’re bad…Dennis, Jack Nicholson, Peter Fonda, Al Pacino, Robert DeNiro, and Christopher Walken, amongst others from that generation, knew how to live and keep everything in check and not be such publicity whores, who unfortunately dominate the sickening “Tabloid Scene” of today’s “Journalistic [hack-cough] Publications” of today.
- 5/30/2010
- by Laurence E. Gibbs
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