A tax relief scheme for low-budget UK films is to be extended until the end of March next year, despite expectations that it would end in the summer.
The so called section 48 relief for movies budgeted at under £15m will now run much longer than expected and amid hopes that it would be replaced altogether.
Section 48 was introduced in 1997 but was extended in 1999 and 2001. The industry has complained bitterly that failure to clarify the future of section 48 has made the planning of production schedules extremely difficult.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016