Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of tax credits for the film and television industry on (a) the number of productions taking place in the UK, (b) foreign direct investment in the UK and (c) employment in the film and television industry; and if she will estimate the cost of those credits.

An evaluation of the creative industry tax reliefs covering Film Tax Relief, High-end Television Tax Relief, Animation Tax Relief and Children’s Television Tax Relief was published in 2022: https://www.gov.uk/government/publications/creative-industry-tax-reliefs-evaluation

The government keeps the tax system under review. HMRC decides which reliefs to evaluate against several criteria, including the annual cost associated with a relief and whether the relief’s design has recently changed substantially. All tax reliefs are subject to regular assessment against the evaluation criteria.

The cost of the film and high-end television tax reliefs is published in HMRC’s Creative Industries Statistics: https://www.gov.uk/government/statistics/creative-industries-statistics-august-2024/