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December 06, 2005
Discounting UK: new tax credits coming
The UK's film production tax credit has been revised; some details: "Chancellor Gordon Brown has announced a new film tax credit, which sees low budget films (with production budgets up to £20 million) receive a tax credit of 20% and higher budget films (with production budgets of £20 million and above) a credit of 16%. Both rates apply to the UK spend of a film’s budget, capped at 80%. Also announced was a more flexible system allowing producers to phase tax credits, taking them either at the start of production, or later when they are receiving profits from the film." [More nitty-gritty at the link.]
Posted by pride at December 6, 2005 04:16 PM
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