Corporation Tax: increasing the rate of Film Tax Relief
This Tax Information and Impact Note is about the increase of Film Tax Relief (FTR) to 25% for all qualifying core expenditure, for all eligible film productions.
▤ Verbatim text from source document
This measure will increase the rate of FTR to 25% for all qualifying core expenditure, for all eligible film productions. The distinction between limited budget films and all others will be removed. Subject to state aid approval by the European Commission, the changes will have effect on and after 1 April 2015 or the date of state aid approval, whichever is the later date.