Eis schemes could come back into favour as two producers win significant court cases against tax authorities.
UK funding mechanism Enterprise Investment Scheme (Eis) could re-emerge as a viable tool for low-budget independent film financing following two courtroom victories by film companies against the UK tax authority, Hm Revenue and Customs (Hmrc), which had been trying to clamp down on the practice.
Separate tribunal judges each ruled in favour of Inferno Films Ltd and Cry Me A River Limited, and against Hmrc, in two recent First Tier Tribunal Tax Chamber cases.
Eis is a venture capital business designed so companies...
UK funding mechanism Enterprise Investment Scheme (Eis) could re-emerge as a viable tool for low-budget independent film financing following two courtroom victories by film companies against the UK tax authority, Hm Revenue and Customs (Hmrc), which had been trying to clamp down on the practice.
Separate tribunal judges each ruled in favour of Inferno Films Ltd and Cry Me A River Limited, and against Hmrc, in two recent First Tier Tribunal Tax Chamber cases.
Eis is a venture capital business designed so companies...
- 7/1/2022
- by Geoffrey Macnab
- ScreenDaily
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