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the first stop for film and moving image in cornwall and the south west
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The European Commission has given State Aid approval to the new film tax reliefs. A notice was posted on the European Commission website today. The new tax relief will mean: - For films that cost up to £20 million, the Film Production Company (FPC) will be able to claim an enhanced deduction of 100% with a payable cash element of 25% of UK qualifying film production expenditure.
- For films that cost over £20 million, the FPC will be able to claim an enhanced deduction of 80% with a payable cash element of 20% of UK qualifying film production expenditure.
The minimum UK spend threshold for qualifying films will be set at 25%. More information can be found here. |
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