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.
UK senior partner Phil Verity has been elected for a second term at Mazars
Tallat Mahmood appointed to corporate finance team of Top 20 firm
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham