HMRC offers £1.6bn Eclipse settlement, 'one of the largest in UK tax history'

Mark Battersby
clock • 8 min read

HMRC today (7 September) offered a settlement to members of the Eclipse film finance scheme in a move aimed at bringing closure to the long running and high contentious dispute. If accepted by each taxpayer, approximately £1.6bn of claimed "dry tax" will be dropped, which HMRC said was due from around 700 Eclipse members as a result of their participation in the Eclipse scheme. HMRC said it would contact members "with a settlement opportunity to resolve any Eclipse related tax issues". "We're offering a settlement opportunity, which will be open for acceptance for 6 months from the...

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