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10/11/2011
Tax Relief For Film Makers Extended
The Prime Minister has announced the extension of film tax relief, the Government’s tax break for the British film industry, until the end of December 2015.
The scheme is designed to support the production of culturally British films and in 2009/10 provided around £95 million of support to the British film industry helping the production of 208 films.
Recent productions certified as British under the cultural test include films such as Brighton Rock, Attack the Bloc, StreetDance3D, Gnomeo & Juliet, Clash of the Titans, Horrid Henry 3D, Coriolanus and Harry Potter Deathly Hallows (Parts 1 and 2).
Speaking about the extension on Thursday, David Cameron said: "I am delighted to announce the extension of film tax relief to the end of 2015, guaranteeing millions of pounds of support for the British film industry.
"The last year has seen massive success, both at home and abroad, for a whole host of UK films. I look forward to seeing the UK film industry continue to thrive over the coming years, supported by the Government's film tax relief."
Meanwhile, Film Minister Ed Vaizey said the huge success of British films at the Oscars, the Golden Globes and the BAFTAs this year was clear recognition of the UKs "world class talent and creativity".
"Film tax relief is at the heart of our drive to support the production of culturally British Films within a sustainable and vibrant industry. I'm delighted that we can give certainty to the industry for the next four years."
According to the Exchequer Secretary to the Treasury, David Gauke, the UK film industry makes a vital contribution both to the economy and cultural landscape and the Government is committed to supporting it through film tax relief.
"This scheme, along with the quality of the UK’s infrastructure and high levels of skills, has led to the UK being recognised around the world as an attractive destination for film production,” he said.
(DW)
The scheme is designed to support the production of culturally British films and in 2009/10 provided around £95 million of support to the British film industry helping the production of 208 films.
Recent productions certified as British under the cultural test include films such as Brighton Rock, Attack the Bloc, StreetDance3D, Gnomeo & Juliet, Clash of the Titans, Horrid Henry 3D, Coriolanus and Harry Potter Deathly Hallows (Parts 1 and 2).
Speaking about the extension on Thursday, David Cameron said: "I am delighted to announce the extension of film tax relief to the end of 2015, guaranteeing millions of pounds of support for the British film industry.
"The last year has seen massive success, both at home and abroad, for a whole host of UK films. I look forward to seeing the UK film industry continue to thrive over the coming years, supported by the Government's film tax relief."
Meanwhile, Film Minister Ed Vaizey said the huge success of British films at the Oscars, the Golden Globes and the BAFTAs this year was clear recognition of the UKs "world class talent and creativity".
"Film tax relief is at the heart of our drive to support the production of culturally British Films within a sustainable and vibrant industry. I'm delighted that we can give certainty to the industry for the next four years."
According to the Exchequer Secretary to the Treasury, David Gauke, the UK film industry makes a vital contribution both to the economy and cultural landscape and the Government is committed to supporting it through film tax relief.
"This scheme, along with the quality of the UK’s infrastructure and high levels of skills, has led to the UK being recognised around the world as an attractive destination for film production,” he said.
(DW)
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