Film: Tax Allowances

Summary

To ask the Chancellor of the Exchequer, whether her Department plans to provide (a) tax relief and (b) other fiscal support for the visual effects sector.

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Timeline

1. 11 September 2024

   Written question

   To ask the Chancellor of the Exchequer, whether her Department plans to provide (a) tax relief and (b) other fiscal support for the visual effects sector.

   Source: Commons

2. 7 October 2024

   Answer

   Qualifying visual effects costs in film and TV are already eligible for the Audio-Visual Expenditure Credit, which provides a tax credit worth 34% of a film or TV company’s production costs. The previous Government announced that from 1 April 2025, UK vis...

   Source: Written answer

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• · Treasury · Answering body

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