The November 2012 announcement that Film Tax Credits will be preserved until 2015 is, of course, good news. However, it is worth noting that this does not necessarily mean that they are, or were, ever intended to end on that, or any other date. What has actually happened is that the European Commission has extended its State Aid approval until 2015 but this should not necessarily be seen as a ‘sell by date’, although any future continuation may be dependent on the European Commission ‘rolling over’ their approval.
Film Tax Credits were first introduced in 2007 and allow qualifying films produced in the UK to claim a cash amount based on their production expenditure. NLP have extensive experience in this field.