Magazine article Screen International

Big Rise in Tax Relief to UK Film and TV Sector

Magazine article Screen International

Big Rise in Tax Relief to UK Film and TV Sector

Article excerpt

T2: Trainspotting, Lady Macbeth and The Crown benefit from creative sector tax reliefs.

The British film sector received £415m in tax relief last year, up from £339 in 2015, the government has revealed.

A total of 175 films claimed film tax credits with those productions ranging from Wonder Woman to T2: Trainspotting and Lady Macbeth,

Overall the treasury awarded £751m in tax relief to the creative sector. £163m went to high-end TV productions including The Crown and Game Of Thrones, up from £104 last year, with 45 shows making claims. The rest was received by video games, animations and children’s TV shows.

Both film and TV programmes have to pass the cultural test administered by the BFI, or qualify as a co-production to benefit from tax relief. For films, at least 10% of total costs must relate to activities in the UK.

Some other films that were certified as British through the BFI’s cultural test include: Star Wars: The Force Awakens, Bridget Jones’s Baby, Fantastic Beasts And Where To Find Them, Everest, The Lost City Of Z, Baby Driver and Beauty And The Beast. …

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