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Production companies in all three industries are able to claim an additional deduction worth 100 per cent of UK qualifying production expenditure (where qualifying expenditure is a maximum of 80 per cent of total production expenditure) and, if they are loss-making, they will be able to surrender such losses for a payable tax credit worth 25 per cent of UK qualifying production expenditure (ie ...
During the reading of the U.K. government’s spring budget on Wednesday, Chancellor of the Exchequer Jeremy Hunt revealed a 40% corporate tax relief for film and TV studios through 2034. The plan ...
There will be a tax credit for UK independent films with a budget of less than £15 million.
Wednesday’s announcement that the British government would be introducing the new Independent Film Tax Credit sparked a response that was nothing short of jubilant across the entire sector. The ...
The Eady Levy was a tax on box-office receipts in the United Kingdom, intended to support the British film industry. It was introduced in 1950 as a voluntary levy as part of the Eady plan, named after Sir Wilfred Eady, a Treasury official. The levy, paid into the British Film Production Fund, was made compulsory in 1957 and terminated in 1985.
The UK Film Council (UKFC) was a non-departmental public body set up in 2000 to develop and promote the film industry in the UK. It was constituted as a private company limited by guarantee, owned by the Secretary of State for Culture, Media and Sport , and governed by a board of 15 directors .
The British government has provided a boost for the UK film and TV industry by announcing that it is increasing tax breaks and maintaining the qualifying threshold. Jeremy Hunt, the British ...
The Work Opportunity Tax Credit (WOTC) is a federal tax credit providing incentives to employers for hiring groups facing high rates of unemployment, such as veterans, youths and others. WOTC helps these targeted groups obtain employment so they are able to gain the skills and experience necessary to obtain better future job opportunities.
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