TaxCorporate TaxLord Attenborough: Don’t scrap film tax relief

Lord Attenborough: Don't scrap film tax relief

Lord Attenborough has slammed the government, saying the British film industry will be 'wrecked' if it goes ahead with plans to scrap tax relief for film production.

Link: Film and TV accounting needs major overhaul

The Oscar winner said the tax changes would mean an end to films like Billy Elliot and Notting Hill being made in the future. ‘We should try to persuade government that this “end it in 2005” is very sad. It will wreck the situation because it has been very successful,’ he said.

He told MPs on the culture, media and sport select committee that the reliefs had visibly boosted the UK film industry.

‘The one thing I am certain of is that until we accept that a form of subsidy, some form or another, whether a tax concession is accepted as a prerequisite for the British film industry, the British film industry will continue to jump and flop and climb up again and flop again,’ the BBC online reported.

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