“Few in the industry defend the tax-avoidance schemes as a means of raising film funding. Indeed, many believe that the cash the schemes has attracted into the industry has led to a flood of substandard films, produced for tax-avoidance rather than artistic reasons, which have little hope of securing a cinema or television showing. What the industry objects to is the lack of warning about the move. This has left filmmakers about to go into production with no time to raise alternative funding.”