Ingenious hits back at tax avoidance criticism of celebrity film investment scheme

 
Charlotte Henry
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Celebrities including David and Victoria Beckham have invested in Ingenious’s film scheme
Ingenious has hit back at critics of its film investment scheme after more celebrities were named as having received tax breaks from investing in the plan, through rules brought in by Labour.

A spokesman for Ingenious said: “Ingenious film partnerships run by Ingenious Media have already generated over £1bn in taxable income for the UK Treasury, with a further £1bn to come over the lifetime of the films they funded. They helped to bring movies like Avatar, Life of Pi, Best Exotic Marigold Hotel, The Girl with a Pearl Earring, Vera Drake, Shaun of the Dead and Hot Fuzz to the screen and are clearly run for profit.”

The celebrities involved include David and Victoria Beckham, Liverpool captain Steven Gerrard, and singer Robbie Williams. Former footballers, including Gary Lineker, have also been named as investors.

HMRC is currently running an investigation into Ingenious to see if it is deliberately designed for tax avoidance, and could recoup £26m from the stars if they find it is.

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