Affect Group Affect Group Affect Group Affect Group Affect Group

Monthly Archives :

August 2015

Increase in UK Film Tax Credit approved

On 20 August 2015, the EU approved the increase in film tax credit for ‘large’ budget films i.e. with core expenditure of more than £20 million effective from 1 April 2015. The rate of film tax credit is now 25% for all film budgets meaning that a film with UK core expenditure of £20 million will receive an additional £1 million in tax credit under the new rules.

With studio space already limited in the UK, this increase will ensure that the UK remains a top destination for internationally mobile films. George Osbourne stated “A key part of our long-term economic plan is supporting our creative industries that contribute billions to the economy and provide millions of jobs.”

Get in touch if you want to discuss further.

Summer Finance Bill

budgetThe changes highlighted within the Finance Bill will affect every company in the UK and have impacts on an individual level also.

We have prepare a simple digest on some of the main elements that will affect you and your business. Please contact us to request further information.