21 wealthy investors bought film rights from Goldcrest Pictures, who are behind box office hits such as Twilight, 
Gandhi and Chariots of Fire.
The purpose of the scheme was to create artificial losses from the sale of film rights so scheme users could considerably reduce their tax bills.
The win came after the scheme, used by Patrick Degorce, a wealthy hedge fund manager, was defeated at the Court of Appeal.
Degorce paid the inflated price of £22 million for the rights of two Paramount Picture films, Tropic Thunder and The Love Guru, although he only paid £4.8 million of his own money, with the rest provided in the form of a loan through Paramount Pictures.
He then sold the rights back to Goldcrest Pictures on the same day for a fraction of the price.
By claiming the difference as a trading loss, he was able to off-set the manufactured £19 million loss against his hedge fund income in an attempt to pay zero tax in his 2006-07 tax return.
HMRC successfully argued that this did not amount to trading, and protected £7.5 million of taxpayer money in this case, and £36.1million in related cases.
Since the Goldcrest scheme was implemented, anti-avoidance legislation has been enacted to prevent the use of similar schemes in the future.
