Film tax relief extended
PM announces continuation of targeted tax break for film industry.
Prime Minister David Cameron today announced the extension of film tax relief, the Government鈥檚 targeted tax break for the British film industry, until the end of December 2015.聽
皇冠体育app scheme promotes the sustainable production of culturally British films and in 2009/10 provided around 拢95 million of support to the British film industry, supporting over 拢1 billion of investment in 208 films.
Recent productions assisted by the tax break range from Brighton Rock and Coriolanus to Gnomeo & Juliet and both parts of Harry Potter and the Deathly Hallows.
, the Prime Minister said he was 鈥渄elighted鈥� to announce the extension: 鈥溁使谔逵齛pp 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鈥檚 film tax relief.鈥�
Culture Minister added 鈥溁使谔逵齛pp huge success of British films at the Oscars, the Golden Globes and the BAFTAs this year is clear recognition of our world class talent and creativity. But as a vital creative industry, it also has huge potential for economic growth. 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鈥檓 delighted that we can give certainty to the industry for the next four years.鈥�
Welcoming the announcement Lord Grade聽of Yarmouth,聽CBE, Chairman of聽 added: 鈥淲e are delighted by today鈥檚 announcement that the Government has extended its film tax relief until the end of 2015.聽 This decision will deliver certainty for the UK鈥檚 talented film makers and will provide the platform for growth, investment and jobs in a growing segment of the economy.鈥澛犅�
Josh Berger, President & Managing Director of 聽also welcomed the scheme, saying: 鈥淔or almost 90 years, Warner Bros. has been investing in UK film production and the UK film industry鈥檚 outstanding creative talent. In the last year alone, we鈥檝e produced six major feature films here, released the final film in the UK-produced Harry Potter movie series and committed 拢100million to create our permanent production home, Warner Bros. Studios Leavesden, which will open in 2012. We welcome the Government鈥檚 expression of support for the UK film industry through its renewal of the film tax credit.鈥�