British films get £1bn in tax relief | AccountingWEB

British films get £1bn in tax relief

HMRC said it has paid £995m in tax relief to British film productions since 2007.

The HMRC figures also show that:

  • 1,390 film productions have become eligible to claim the new film tax relief 
  • Of these, 1,050 film productions have made 1,900 claims, for a total £1.1bn. So far 1,700 claims have received payments totalling £995m
  • 96% of the payments were made within six months of receiving the claim

Although film tax relief is generally seen as a useful boost to the British film industry, the incentives have led to...


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