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==Tax avoidance case==
==Tax avoidance case==
In July 2014, Ingenious Media was investigated by [[HMRC]] for promoting [[tax avoidance]] schemes.<ref>{{cite web|title=HMRC publishes list of suspect tax avoidance schemes|url=https://www.bbc.com/news/business-28311047 |work=[[BBC]] |date=15 July 2014|access-date=9 October 2014}}</ref><ref>{{cite web|last=Garside|first=Juliette|title=Taxpayer faces huge bill after Ingenious Media wins case against HMRC|url=https://www.theguardian.com/politics/2016/oct/19/taxpayer-huge-bill-ingenious-media-hmrc-wins-case|work=[[The Guardian]]|date=19 October 2016|access-date=3 July 2021}}</ref> In October 2014, HMRC sent "accelerated payment notices" to people who had invested with Ingenious Media, demanding payment of substantial amounts of tax.<ref>http://www.ft.com/cms/s/0/e1d16a40-4a49-11e4-bc07-00144feab7de.html#axzz3FdZXAZp9 (Retrieved 9 October 2014)</ref> The tax bill following his investment in the scheme was cited in the subsequent bankruptcy hearings of the former Liverpool and Republic of Ireland footballer, Steve Staunton.<ref>{{cite web|title=Former Ireland star Steve Staunton files for bankruptcy|url=https://www.irishtimes.com/news/ireland/irish-news/former-ireland-star-steve-staunton-files-for-bankruptcy-1.2884968|work=[[The Irish Times]]|date=28 November 2016|access-date=3 July 2021}}</ref> In 2018, a group of more than 500 investors launched a civil case against Ingenious for making false representations<ref>{{Cite web|url=https://economia.icaew.com/news/august-2018/500-investors-sue-ingenious-over-film-scheme|title = Sorry, we can't find that page}}</ref> which Ingenious had always denied. Ingenious (specifically Ingenious Games LLP, Ingenious Track Productions LLP and Ingenious Film Partners 2 LLP) lost their appeal against HMRC's initial ruling in June 2019, with the Upper Tribunal ruling that "None of the LLPs were carrying on a trade. None of the LLPs were carrying on a trade with a view to profit."<ref>https://www.bailii.org/uk/cases/UKUT/TCC/2019/226.pdf</ref>
In July 2014, Ingenious Media was investigated by [[HMRC]] for promoting [[tax avoidance]] schemes.<ref>{{cite web|title=HMRC publishes list of suspect tax avoidance schemes|url=https://www.bbc.com/news/business-28311047 |work=[[BBC]] |date=15 July 2014|access-date=9 October 2014}}</ref><ref>{{cite web|last=Garside|first=Juliette|title=Taxpayer faces huge bill after Ingenious Media wins case against HMRC|url=https://www.theguardian.com/politics/2016/oct/19/taxpayer-huge-bill-ingenious-media-hmrc-wins-case|work=[[The Guardian]]|date=19 October 2016|access-date=3 July 2021}}</ref> In October 2014, HMRC sent "accelerated payment notices" to people who had invested with Ingenious Media, demanding payment of substantial amounts of tax.<ref>http://www.ft.com/cms/s/0/e1d16a40-4a49-11e4-bc07-00144feab7de.html#axzz3FdZXAZp9 (Retrieved 9 October 2014)</ref> The tax bill following his investment in the scheme was cited in the subsequent bankruptcy hearings of the former Liverpool and Republic of Ireland footballer, Steve Staunton.<ref>{{cite web|title=Former Ireland star Steve Staunton files for bankruptcy|url=https://www.irishtimes.com/news/ireland/irish-news/former-ireland-star-steve-staunton-files-for-bankruptcy-1.2884968|work=[[The Irish Times]]|date=28 November 2016|access-date=3 July 2021}}</ref> In 2018, a group of more than 500 investors launched a civil case against Ingenious for making false representations<ref>{{Cite web|url=https://economia.icaew.com/news/august-2018/500-investors-sue-ingenious-over-film-scheme|title = Sorry, we can't find that page}}</ref> which Ingenious had always denied. Ingenious (specifically Ingenious Games LLP, Ingenious Track Productions LLP and Ingenious Film Partners 2 LLP) lost their appeal against HMRC's initial ruling in June 2019, with the Upper Tribunal ruling that "None of the LLPs were carrying on a trade. None of the LLPs were carrying on a trade with a view to profit."<ref>[https://www.bailii.org/uk/cases/UKUT/TCC/2019/226.pdf Civil case filing], Bailii.org</ref>


==References==
==References==

Revision as of 15:39, 22 October 2021

Ingenious Media
Company typePrivate
IndustryInvestment
GenreInvestment and Advisory Group
Founded1998
FounderPatrick McKenna
HeadquartersLondon, W1
United Kingdom
Key people
Patrick McKenna
(CEO 1998-present)
Number of employees
80
Websitewww.theingeniousgroup.co.uk

Ingenious Media (styled as INGENIθUS) is a division of London-based Ingenious Capital Management Limited, also known as Ingenious. The company was founded in 1998 by Patrick McKenna.

Filmography

2000s

Year Title Director Distributor Notes
2004 Millions Danny Boyle
2005 The Mistress of Spices Paul Mayeda Berges
2006 Borat Larry Charles
Amazing Grace Michael Apted
A Good Year Ridley Scott
2007 Hot Fuzz Edgar Wright
Live Free or Die Hard Len Wiseman
Stardust Matthew Vaughn
The Golden Compass Chris Weitz
2008 Australia Baz Luhrmann
2009 Avatar James Cameron

2010s

Year Title Director Distributor Notes
2010
2011
2012 Life of Pi Ang Lee
2013
2014 Selma Ava DuVernay
2015 Carol Todd Haynes
Brooklyn John Crowley
2016 Miss Peregrine's Home for Peculiar Children Tim Burton
Max Steel Stewart Hendler
2017 Kidnap Luis Prieto
On Chesil Beach Dominic Cooke
2018 Adrift Baltasar Kormákur
The Wedding Guest Michael Winterbottom
2019 Blinded by the Light Gurinder Chadha
A Score to Settle Shawn Ku
The Burnt Orange Heresy Giuseppe Capotondi
Guns Akimbo Jason Lei Howden

2020s

Year Title Director Distributor Notes
2020 Resistance Jonathan Jakubowicz
Inheritance Vaughn Stein
Unhinged Derrick Borte

Upcoming

Year Title Director Distributor Notes
2021
TBA

Future projects

In 2018, Ingenious Media partnered with Solstice Studios to produce and distribute theatrical feature films.[1]

Tax avoidance case

In July 2014, Ingenious Media was investigated by HMRC for promoting tax avoidance schemes.[2][3] In October 2014, HMRC sent "accelerated payment notices" to people who had invested with Ingenious Media, demanding payment of substantial amounts of tax.[4] The tax bill following his investment in the scheme was cited in the subsequent bankruptcy hearings of the former Liverpool and Republic of Ireland footballer, Steve Staunton.[5] In 2018, a group of more than 500 investors launched a civil case against Ingenious for making false representations[6] which Ingenious had always denied. Ingenious (specifically Ingenious Games LLP, Ingenious Track Productions LLP and Ingenious Film Partners 2 LLP) lost their appeal against HMRC's initial ruling in June 2019, with the Upper Tribunal ruling that "None of the LLPs were carrying on a trade. None of the LLPs were carrying on a trade with a view to profit."[7]

References

  1. ^ D'Alessandro, Anthony (2018-10-02). "Mark Gill, Andrew Gunn, Guy Botham & Vincent Bruzzese Launch Solstice Studios; Teams With Ingenious Media On Theatrical Releases". Deadline. Retrieved 2018-11-20.
  2. ^ "HMRC publishes list of suspect tax avoidance schemes". BBC. 15 July 2014. Retrieved 9 October 2014.
  3. ^ Garside, Juliette (19 October 2016). "Taxpayer faces huge bill after Ingenious Media wins case against HMRC". The Guardian. Retrieved 3 July 2021.
  4. ^ http://www.ft.com/cms/s/0/e1d16a40-4a49-11e4-bc07-00144feab7de.html#axzz3FdZXAZp9 (Retrieved 9 October 2014)
  5. ^ "Former Ireland star Steve Staunton files for bankruptcy". The Irish Times. 28 November 2016. Retrieved 3 July 2021.
  6. ^ "Sorry, we can't find that page".
  7. ^ Civil case filing, Bailii.org


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