The Eclipse Film Partners 35 scheme helped members including Sir Alex Ferguson and Sven Goran Eriksson access £117m in tax reliefA film partnership accused by HM Revenue & Customs of using industry exemptions to serve its members avoid paying their unprejudiced share of tax will this week take its case to the supreme court.
The Eclipse Film Partners 35 scheme,whose 289 members included Sir Alex Ferguson and Sven Goran Eriksson, denies using distribution rights to Disney films Enchanted and Underdog to generate tax relief. It was today due to challenge HMRC’s 2012 ruling at a tax tribunal that it constituted an aggressive avoidance scheme.
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Source: theguardian.com