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