On 8 January 2013, HM Revenue & Customs (HMRC) announced that it will offer to individuals, companies and partnerships that have entered into specific tax avoidance schemes, the opportunity to finalize their tax position and settle their tax liabilities by agreement without recourse to litigation.
The schemes covered include UK Generally Accepted Accounting Practice (GAAP) Partnership and schemes seeking to access the film relief legislation for production expenditure or create losses in partnerships through specific reliefs.
However, the settlement opportunity will not be available to participants in film partnership sale and lease-back schemes, interest relief schemes and schemes falling within HMRC's criminal investigation policy or civil investigation of fraud procedures.
HM Revenue and Customs published the terms of the settlement opportunity open to individuals taking part in UK GAAP Partnerships and will publish the details of the opportunity available for other eligible schemes as they become available.

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