Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment his Department has made of potential impact of the high-end television tax relief on (a) levels of drama and comedy production, (b) the UK's creative economy and (c) jobs and talent development.
The Government recognises the value of the UK’s world leading creative industries and the creative industries tax reliefs help ensure that these sectors remain world-class, projecting our values and influence around the world.
The objective of high-end TV tax relief is to support and incentivise the production of culturally British content. In the year ending March 2022, £397 million of high-end TV tax relief was paid in response to 370 claims, representing 355 programmes.
In November 2022, an evaluation of the film and TV tax reliefs was published. The evaluation can be accessed here: Creative Industry Tax Reliefs Evaluation - GOV.UK (www.gov.uk)