Introduction Background Note
9.Film tax relief has been successful in supporting investment in the UK film industry. Currently relief is given at a rate of 25% on the first £20m of expenditure and 20% on expenditure thereafter.
10.Subject to State aid approval, from 1 April 2015 (or the date of approval if later) film tax relief will be available for surrenderable losses at a single rate of 25% for all films, providing an incentive to increase investment above £20m of expenditure.