page contents

Top City regulator used tax break scheme

The incoming head of the financial industry regulator had to repay tax after using an unapproved tax break scheme.

Charles Randell, who becomes chair of the Financial Conduct Authority in April, told MPs he had made an “error of judgement” by putting money into Ingenious Film Partners 2.

The scheme makes use of tax breaks available to promote film productions.

Mr Randell paid into the scheme between 2006 and 2011.

<a …
BBC News – Business

Leave a Reply

Your email address will not be published. Required fields are marked *


This site uses Akismet to reduce spam. Learn how your comment data is processed.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.