Ingenious_Film_Partners

Ingenious Media

Ingenious Media

UK media investment and advisory group

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.

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Filmography

2000s

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2010s

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2020s

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Upcoming

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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, Inside 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]

However, in August 2021 the Court of Appeal overturned the ruling of the Upper Tribunal in respect of Inside Track Productions LLP and Ingenious Film Partners 2 LLP on both the trading and with a view to profit issues.[8]

References

  1. [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. [2]
    "HMRC publishes list of suspect tax avoidance schemes". BBC. 15 July 2014. Retrieved 9 October 2014.
  3. [3]
    Garside, Juliette (19 October 2016). "Taxpayer faces huge bill after Ingenious Media wins case against HMRC". The Guardian. Retrieved 3 July 2021.
  4. [4]
    http://www.ft.com/cms/s/0/e1d16a40-4a49-11e4-bc07-00144feab7de.doc#axzz3FdZXAZp9 (Retrieved 9 October 2014)
  5. [5]
    "Former Ireland star Steve Staunton files for bankruptcy". The Irish Times. 28 November 2016. Retrieved 3 July 2021.
  6. [6]
    "Sorry, we can't find that page".
  7. [7]
    Civil case filing, Bailii.org
  8. [8]
    "Ingenious Games LLP & ors -v- The Commissioners for Her Majesty's Revenue and Customs". 4 August 2021.
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This article uses material from the Wikipedia article Ingenious_Film_Partners, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.