The Newport Group

27/01/2021

HSBC has filed their defence to the “Eclipse” claim brought against them by the Eclipse investors with the support of Edwin Coe and Newport Tax Management. This brings us to the next stage of the case, with a first hearing expected in the summer. This is just one of many cases Newport have been instrumental in putting together.

HSBC has downplayed its involvement in a Disney film financing scheme that was deemed to be a tax avoidance vehicle after hundreds of investors said they were owed £1.3 billion ($1.8 billion) from the U.K. lender's private bank.

21/01/2021

Over three quarters of pension transfers in December raised red flags for potential fraud. This is an unfortunate and growing trend. What is surprising is that people are still being advised to transfer out of Defined Benefits schemes and into something that is totally unsuitable for them.

Newport have been aware of this for some time now and are actively working with best in class CMCs and litigation lawyers putting together groups who have previously been involved in one of these scams. If you’ve been given poor advice and transferred your pension into something that has failed, please get in touch with us at [email protected]

Almost half of last year's pension scheme transfers raised a warning that members could fall prey to scams, with 76% showing at least one danger sign in a single month, a survey has suggested.

24/02/2020

Newport Tax Management achieves significant success in persuading HMRC to lift Follower Notices and Accelerated Payment Notices as a result of recent court cases.


If you’ve received an FN or APN for ANY of your investments and would like us to assess if these have been unlawfully issued by HMRC, please get in touch. Our team have over 90 years of tax experience in successfully dealing with issues relating to HMRC. We have made representations in respect of 65 clients who hold an aggregate investment in film schemes of in excess of £210m in the past 2 months where the aggregate tax at stake (which has been potentially unlawfully demanded by HMRC) is in excess of £60m.

Newport is uniquely placed to provide assistance in respect of challenging the legality of payment demands issued by HMRC by virtue of our team’s expertise and our knowledge and experience of the relevant schemes relating to the recent tax rulings. For a free assessment of your position please contact us at [email protected]

07/10/2019

There may be a flood of claims submissions, but that doesn’t necessarily flow through to positive adjudications for claimants. We continuously see poorly researched claims being refused that could have been successful if properly executed-in some cases we have been able to overturn these decisions. These cases are highly complex and require knowledge, expertise and proper funding to succeed. We believe that this ruling provides a framework for successful claims not just against SIPP providers, but also Insurance companies, investment platforms, tax scheme promoters and offshore bonds, where a complete lack of due diligence and basic research has resulted in huge financial losses for investors. If you, or your clients have suffered and would benefit from a properly researched and professionally managed claims process, please contact us. If you require litigation/claims funding, we would also be interested in hearing from you.
https://www.thetimes.co.uk/article/e232288a-e6de-11e9-ad63-2dc2cb80bbf7 #

20/09/2019

The Newport Group is delighted to announce the addition of John Kennedy to its executive board. John has a long history of identifying emerging sectors and establishing them as investment asset classes. He has taken these concepts from initial structuring and investor performance through to successful exits.

John brings a wealth of experience as both a serial entrepreneur, early investor and someone that has historically created, developed and built innovative investment solutions, many of which have been acquired by major financial institutions. He has joined Newport both as a personal investor and board member.

11/04/2019

Nick Wood of Newport Tax Management said: "These are the latest examples of failed tax deferral schemes that were mis-sold on an epic scale."

'Latest examples of failed tax deferral schemes that were mis-sold on an epic scale,' that could see £11bn in compensation claims, says solicitor

08/04/2019

Santander and Barclays are the latest banks to face legal action over their involvement in tax deferral schemes.

The Spanish bank is to be sued over the Imagine film-financing scheme that was part-funded by Alliance & Leicester, which it acquired at the height of the financial crisis.

03/04/2019

Eclipse Film Partners

We are approaching the closure of signing up any new investors on Eclipse. Please contact us if you haven't already engaged with Newport.

[email protected]
0203 358 3308