Tax scheme investors 'wasted cash'

Investors in a multimillion-pound tax avoidance scheme involving a film production company responsible for Chariots of Fire and Gandhi have been wasting their money, a tax tribunal has ruled.

The scheme was marketed by Goldcrest Pictures Limited, which has financed, produced or distributed over 100 films, including Margaret Thatcher biopic The Iron Lady.%VIRTUAL-SkimlinksPromo%