Tax Planning News: The government announced last week that it will be extending Film Tax Relief, its targeted tax-break for the UK Film Industry, to the end of December 2015. IFAonline reports –
“The scheme promotes the sustainable production of culturally British films and in 2009/10 provided some £95m of support to the British film industry, supporting over £1bn of investment in 208 films.
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 last 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.””