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Film Tax Relief reaches £251m in 2015

The UK film industry received over £250m in government support through the film tax relief programme.

According to HM Treasury, the initiative generated over £1bn worth of investment into the UK and that the total amount of investment secured since 2007 has now reached over £6bn.
It was announced earlier this year that there are plans to increase film tax relief to 25% regardless of budget level.
The government is hoping to continue to attract big budget blockbusters like Star Wars: The Force Awakens to shoot in the UK.

The Treasury reports that 1/3 of the tax relief support went to UK independent productions.
The relief is available to films which qualify as British productions through a cultural test or via an official UK co-production treaty.

Chancellor George Osborne said: “I’m delighted that the golden age for British creative industries is going from strength to strength. 2015 was a record year for the film industry and I’m proud that our support for this fast growing sector is securing investment, boosting productions and creating jobs across the UK.

To find out how Nyman Libson Paul can help you with your Creative Industry Tax Relief, click here.