Thirteen people facing charges over tax claims for film losses

Marion Dakers
THIRTEEN people including seven investment bankers were charged yesterday over a film tax scheme that HMRC claims cheated the exchequer out of £2.5m.

The Crown Prosecution Service said that the charges relate to two partnerships, through which the defendants allegedly conspired to submit false tax returns as far back as 2007 to claim tax relief on the firms’ losses.

“Seven of the thirteen individuals were investment bankers and none had any background in film development, the trading business for which both partnerships were apparently set up,” said Andrew Penhale, the deputy head of fraud at the CPS. The defendants are due to appear at Southwark Crown Court on 13 February.