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...