UK independent film producer and finance company, Contentfilm, blamed changes in the tax treatment of film financing for reporting an operating loss of £2.5m.
The AIM-quoted company has not financed as many films as a result of the new tax rules, and some of the revenue forecast for this financial year will be delayed until 2006, reports the Financial Times.
In January this year, Screen International magazine reported that just 27 films began production in 2004 against 47 films the year before.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states