Ingenious Media (styled as INGENIθUS) is a division of
London
London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...
-based Ingenious Capital Management Limited, also known as Ingenious. The company was founded in 1998 by Patrick McKenna.
Filmography
2000s
2010s
2020s
Upcoming
Future projects
In 2018, Ingenious Media partnered with
Solstice Studios to produce and distribute theatrical feature films.
Tax avoidance case
In July 2014, Ingenious Media was investigated by
HMRC
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, co ...
for promoting
tax avoidance
Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law. A tax shelter is one type of tax avoidance, and tax havens are jurisdi ...
schemes. In October 2014, HMRC sent "accelerated payment notices" to people who had invested with Ingenious Media, demanding payment of substantial amounts of tax. 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. In 2018, a group of more than 500 investors launched a civil case against Ingenious for making false representations 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."
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.
References
External links
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Investment companies of the United Kingdom
British companies established in 1998
Financial services companies established in 1998
Financial services companies based in London