Richard Marks Testifies on Behalf of Her Majesty’s Revenue and Customs Service

Richard notably testified on behalf of Her Majesty’s Revenue and Customs Service in a matter in which HMRC determined that an investment made by wealthy Brits for a substantial tax write-off through a company called Eclipse 35 (which was supposedly investing in Disney Theatrical Motion Pictures) did not qualify for such write-off and that back taxes and penalties were due. Eclipse 35 challenged the HMRC ruling by taking it to court.

The UK Court agreed with Richard’s testimony and ruled in favour of HMRC. That litigation recently came to a final end when the UK Supreme Court refused Eclipse 35 permission to appeal.