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British films get tax relief
The British Government has announced that film makers will receive a tax credit, with a 16% relief for large budget films, and 20% for smaller ones. The films will also need to pass a 'culturally British' test, in order to determine whether a film's application for tax relief can qualify. Films will qualify if the crew and cast are from the UK, whether it is set in the UK, and whether it has British characters. The money would be paid directly to producers to cover production costs on completion of the film. The Cultural Test for British Film was set out on Monday by Creative Industries Minister James Purnell. Although the test will help determine if a film can qualify for tax relief, the final decision will be made by the Treasury. For more information, CLICK HERE.
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