Film tax breaks extended to 2015
Prime minister announces extension of tax relief for British film industry
Prime minister announces extension of tax relief for British film industry
TAX BREAKS for the British film industry have been extended until 2015.
The relief is aimed at the expenses incurred in film production. Films must pass an eligibility test: it must be certified as British through either a cultural test or under an agreed treaty and it must incur at least 25% of the total production expenditure in the UK.
Relief can be claimed on a maximum of 80% of the budget.
Prime Minister David Cameron, said: “I am delighted to announce the extension of film tax relief to the end of 2015, guaranteeing millions of pounds of support for the British film industry. The past year has seen massive success, both at home and abroad, for a whole host of UK films. I look forward to seeing the UK film industry continue to thrive over the coming years, supported by the government’s film tax relief.”
Recent British productions include: Brighton Rock, Attack the Block and Harry Potter and the Deathly Hallows (actress Emma Watson pictured at the film’s New York premiere).
Image credit: Shutterstock
More about:
The numbers you crunch tell a story. Your expertis...
13yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleMarkets can be expected to respond positively to US policy changes on the horizon, according to investment director at a boutique investment business ...
View articlePanama Papers anonymous whistleblower 'John Doe' reaches out to government authorities, and has called on global powers to 'end financial secrecy' Rea...
View articleGeorge Osborne's Budget on 16 March had no discernible theme, write Robert Maas Read More...
View articleTreasury Committee will investigate the effectiveness of the UK corporate tax system Read More...
View articleTreasury Select Committee chairman Andrew Tyrie confirms investigation into UK's tax system following Google's £130m settlement with HMRC Read More...
View articleIntroduction of quarterly digital tax accounts for small businesses and self-employed gets parliamentary hearing Read More...
View articleFormer chief executive of lobby group the British Bankers' Association Angela Knight fields MPs' questions over her suitability to head the Office of ...
View articlePrior to becoming Permanent Secretary, Macpherson, was MD of the Budget and Public Finance Directorate Read More...
View article