A report in The Guardian quoted a Treasury spokesman as saying ‘it would be wrong to raise expectations’. Last week, an exchange in the Lords, suggested Brown may consider some sort of concession.
Representative body the Film Council said it had already sent letters to both the paymaster general and the chancellor seeking meetings to discuss the issue, but to date has had no response from either.
Film financier Ingenious claim films like Tulip Fever (set to star Jude Law, but currently in limbo) which it part-financed using its Fast Track scheme have been unfairly lumped together with projects that use the loophole as a tax dodge, and should be excluded.
Gordon Brown is expected to announce a successor to the existing Section 48 relief for low-budget films in Wednesday’s speech.
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