Revenue warns UK film industry

Link: Film industry welcomes new tax credit

The dressing down followed a clampdown on the film industry in February, when chancellor Gordon Brown brought in measures to curb the exploitation of film financing.

Jonathan Ivinson, head of tax at law firm Hogan & Hartson, said: ‘A clampdown will mean a substantial drop in film funding in this country.

‘The film industry is pretty mobile, and tax incentives do increasingly play a significant role in determining where a picture gets made,’ said Ivinson.

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