UK Film Sector Handed Major Jobs and Growth Boost by Tax Reliefs
9th October 2024
The UK government has introduced a major boost to the next generation of independent films through a tax relief uplift. This initiative aims to create jobs and drive growth by making more British hits like Aftersun (2021) and Billy Elliot (2000) possible.
The Independent Film Tax Credit (IFTC) will allow productions with budgets up to £15 million to be eligible for a relief of 53% on qualifying expenditure. Films with budgets up to £23.5 million can also qualify for the IFTC, with a tapered relief….
RSS – Posts