Is the new RM chairman using a tax avoidance scheme?

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Beaumont Film Partnership:This is a scheme that uses a complex arrangement to allow investors to defer income tax bills over 15 years.

Such schemes are intended to boost the British film industry, but similar partnerships have been successfully challenged in the courts by HMRC as being designed to avoid tax. Millions have been clawed back into public coffers.

Among those who managed Beaumont Film Partnership is former accountant and discharged bankrupt John Dryburgh, 56.

A different tax avoidance scheme he ran was closed down by a tax tribunal in 2013 which left his reputation damaged.

There are more than 50 investors who could face tax bills and possible penalties if Beaumont suffers the same fate including Royal Mail chairman Peter Long.

Royal Mail were contacted by The Mail on Sunday but declined to comment.