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Creative Sector Tax Relief. Creative Sector Tax Relief is a programme of tax incentives implemented in the United Kingdom in 2012 which encompass new incentives aimed at supporting the animation, high-end television and video game industries, in addition to the existing relief available for film production.
The plan also includes a new tax credit for independent films shot in the U.K. that have a budget less than $19 million (£15 million), and a 5% increase in credit for visual effects in film and ...
The report's key findings for 2009 showed: 86 productions generated $82.4 million in state tax credits. The film tax incentive program generated $10.4 million in new tax revenue, partially offsetting the cost of the tax credits. Productions spent $310 million in new spending attributable to the tax credit program.
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 ...
A new report from the British Film Institute (BFI) reveals that film and high end TV tax breaks have resulted in the highest ever return on investment in the U.K. The report, which covers the pre ...
Hollywood accounting (also known as Hollywood bookkeeping) is the opaque or creative set of accounting methods used by the film, video, television and music industry to budget and record profits for creative projects. Expenditures can be inflated to reduce or eliminate the reported profit of the project, thereby reducing the amount which the ...
A new indie film hub is set to open at Pinewood Studios to encourage more low budget UK films. Independent film makers will be able to use special stages, a large soundproof warehouses where films ...
Eady Levy. 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 ...