BusinessCompany NewsPinewood chief sees growth due to new film tax breaks

Pinewood chief sees growth due to new film tax breaks

Pinewood Shepperton chief sees benefits for the UK film industry and his own company as new film tax relief takes effect

New tax breaks are set to boost the film industry, according to Pinewood
Shepperton chief executive Ivan Dunleavy.

Reporting interim pre-tax profits of £2.07m to June, Dunleavy used the
opportunity to state that he expected new tax relief rules that came into force
on 1 April would provide significant growth opportunities for the company when
filmmakers got to grips with the new regime, reported The Times.

Films qualify for the tax relief, which can be up to 20%, through a points
system. They must score 16 points or over out of a possible 42 – using a studio
such as Pinewood gives films nine points towards their total.

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