Category Archives: Film Tax Relief

The Chancellor yesterday confirmed several measures which will provide further support for the UK’s creative industries. Although these are subject to state aid approval by the EC, they reaffirm the important contribution these industries make to the UK economy and the Chancellor’s intention that the UK remains internationally competitive in creative sectors. The tax credit … Continue reading Further boost for creative industries

The Government has continued its drive to make the UK a global centre of digital media.   In particular, the important and globally renowned visual effects industry may benefit with the announcement of a consultation on how to support this industry through the tax system.  Perhaps the existing film tax credit can be extended to cover visual effects and post production? … Continue reading Further support for the creative industries

There was little of excitement in today’s Budget for the UK film industry.  However, HMRC is continuing to target the UK film industry through the number of enquiries and litigation in relation to perceived film tax avoidance structures.  Thus far, HMRC is not having much success.  We were very pleased to see the recent  Court of Appeal decisions in Halcyon and Microfusion, cases which the … Continue reading Film