Film: Tax Allowances

(asked on 10th October 2018) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what assessment they have made of the report by the British Film Institute Screen Business: How screen sector tax reliefs power economic growth across the UK, published October 2018; and whether they intend to further assist the British film industry as a result of its findings.


Answered by
Lord Bates Portrait
Lord Bates
This question was answered on 24th October 2018

The government welcomes the British Film Institute’s report. The creative industries make a valuable cultural contribution to the UK and are an important part of a dynamic and diversified economy. The government also welcomes the British Film Institute’s efforts in improving the evidence about the impact of the screen sector on the UK economy.

2,420 films have benefitted from the film tax relief since it was introduced in 2007, providing support worth £469 million to the production of culturally British films in 2017-18, up from £424 million the year before.

Last year the government invested almost £70 million in grant in aid and national lottery funding through the British Film Institute.

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