Credits roll on tax breaks for film investors

High-risk venture: tax breaks which financed James Bond are coming under fire Film investment schemes that have helped finance a string of hits, including the James Bond movie Skyfall, are under threat from a government review of business funding. Curbs to the Enterprise Investment Scheme (EIS) — where investors are given tax breaks for backing [...]

HMRC crackdown brings in £29bn from tax dodgers

HMRC brought in an extra £29bn by cracking down on the minority of individuals and businesses who try to not pay the tax they owe. The figure is revealed in its annual reports and accounts for 2016/ 2017 published on 13 July, which also showed improved customer service. Last year was HMRC’s seventh consecutive year of [...]

US Senator Moves to Amend FAA Section 2315 Aircraft Air Quality Code

Richard "Dick" Blumenthal the senior United States Senator from Connecticut moves an amendment to improve the safety of air supply on commercial aircraft. His amendment to title 49 of the United States Code regarding authorisation of appropriations for the Federal Aviation Administration (FAA) seeks funding to include under Section 2315 Aircraft Air Quality the following: [...]

AEROTOXIC SYNDROME: A NEW OCCUPATIONAL DISEASE?

A recent report published by the World Health Organisation states that Aircraft air supplies contaminated by pyrolysed engine oil and other aircraft fluids can reasonably be linked to acute and chronic symptoms, findings and diagnoses, thus establishing causation. The aim of the study was to undertake an in-depth investigation of aircrew involved in suspected aircraft contaminated [...]

SAE Aerospace CounciI Propose New Cabin Air Quality Standards

The SAE has proposed that an independent technical committee to develop aerospace industry standards to measure cabin air quality on aircraft be set-up in the face of ongoing legal action by crew against manufacturers and operators alike. SUMMARY In November 2016, IATA requested that SAE International develop a standard or standards covering portable and fixed [...]

HMRC wins £26m film partnership case

HM Revenue & Customs has won a £26m tax avoidance case against film partnership schemes that acquired interests in films including The Queen and the Roman Polanski remake of Oliver Twist. The Court of Appeal dismissed appeals from Proteus Film Partnership and Samarkand Film Partnership, upholding a previous judgment that they were not trading and [...]

Dieselgate: UK motorists file class-action suit against VW

Greenpeace and Which? welcome move by 10,000 Volkswagen owners for £3,000 in compensation as carmaker faces bill as high as £3.6bn Thousands of British motorists have launched a lawsuit against Volkswagen over the “dieselgate” emissions scandal, in a claim that could end up costing the carmaker billions of pounds. The group of 10,000 VW owners has filed a [...]

Volkswagen bosses ordered staff to carry on cheating, FBI alleges

Volkswagen’s top executives told staff to cover up emissions cheating in the weeks before the scandal was exposed, the Federal Bureau of Investigation claimed yesterday. The executives ordered the “continued concealment” of the existence of a device that was built into diesel cars to cheat emissions tests, in the knowledge that US regulators were unaware [...]

British Airways Flight crew ‘spaced out’ on fumes

British Airways flight attendants on board an Airbus A380 “superjumbo” vomited, became “spaced out” and had to use emergency oxygen after suspected “toxic fumes” were detected in the cabin during a long-haul flight, a leaked internal report reveals. At least one crew member became so ill that he curled up on the floor and put [...]

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