All posts with the topic: Film

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

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

There was little for the film industry to get excited about in today’s Pre-Budget Report.  Thankfully, there is no further specific anti-avoidance legislation.   There was a small tweak to the film tax credit legislation to remove an anomaly which impacted upon the amount of tax credit available where film production spanned more than one accounting period.   I would like to have seen … Continue reading Film