9.Film tax relief has been successful in supporting investment in the UK film industry. Currently relief is given at a rate of 25% on the first £20m of expenditure and 20% on expenditure thereafter.
10.Subject to State aid approval, from 1 April 2015 (or the date of approval if later) film tax relief will be available for surrenderable losses at a single rate of 25% for all films, providing an incentive to increase investment above £20m of expenditure.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
The data on this page is available in the alternative data formats listed:
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
