As the U.S. continues to ponder the value of incentives, the UK continues to build......

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Joseph Chianese
Joseph Chianese Member Posts: 45

As the U.S. continues to ponder the value of incentives, the UK continues to build their infrastructure and enhance the UK incentives for film television, animation, and gaming.

“States Have Spent $25 Billion to Woo Hollywood. Is It Worth It?”

“SHEPPERTON STUDIOS: SECOND BIGGEST FILM AND HETV STUDIO IN THE WORLD”

In the UK, a new audio-visual expenditure credit was introduced with a rate of 34% for film, and high-end television (HETV) - the new audio-visual expenditure credit will result in 25.5% of actual tax relief, and 39% for animation, children’s TV and video games - the new audio-visual expenditure credit may result in 29.5% of actual tax relief. 

EP did a webinar on the new UK audio-visual expenditure credit on 9/14.

Two weeks ago, the UK today introduced a 40% tax relief for films budgeted up to £15m (approximately USD $19M) in a bid to reignite and support their indie sector.   

https://www.nytimes.com/2024/03/21/arts/states-hollywood-film-tax-incentives.html?ugrp=m&unlocked_article_code=1.eU0.utoX.-nEXCalnkyyV&smid=url-sharehttps://pinewoodgroup.com/pinewood-today/news/shepperton-studios-second-biggest-film-and-hetv-studio-in-the-world https://www.ep.com/master-series/whats-changing-in-uk-production-incentives/

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