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.
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