article_snippet: HMRC is currently locked in a legal battle with Ingenious Media, which set up the partnerships, claiming the investments were a means of avoiding tax.
article_snippet: HMRC has previously denied the claims, saying HMRC approved HMRC schemes at the time and that the investments were made in box office hits including Avatar and Hotel Rwanda.
article_snippet: The government wanted to encourage investment in the film industry, there was a genuine element of risk.
article_snippet: The films were successful and generated more than £1bn in taxable income and now HMRC is coming back ten years later saying the schemes weren’t valid.
article_snippet: ’ Ingenious has repeatedly defended the schemes HMRC set up and has said  HMRC is confident of winning the legal battle.
article_snippet: The case comes as HMRC stepped up HMRC crackdown on tax-avoidance schemes in a bid to claw back £7.1billion from 43,000 people.
highlights_snippet: Ingenious Media is in legal battle with HMRC which claims investments were a means of avoiding tax .
  