UK studios that produce films costing up to £15 million ($19.6 million) will soon be able to claim an increased tax relief of 53% on qualifying expenditure.
The government issued implementing regulations for the credit Wednesday, which are set to take effect on Oct. 30, MP Chris Bryant said in a statement issued to the House of Commons. Film production companies will be able to apply for an eligibility certificate from the British Film Institute from Oct. 30. Companies will be able to apply to His Majesty’s Revenue and Customs to claim the tax credit from April 1, ...
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