Studios hit as UK gov't outlaws p&a tax schemes

By 2004-03-26T00:00:00

Hardon the heels of closing down production funds on February 10, the InlandRevenue today extended its tightening up of tax rules to include a fresh cropof distribution schemes using generally accepted accountancy principles (GAAP).While last month's major casualties, Grosvenor Park's First Choiceand Ingenious Media's Inside Track, were using GAAP rules ...

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