UK HM Treasury has launched an open consultation on audio-visual tax reliefs, which was announced as part of the Autumn Statement 2022.
Audio-visual tax reliefs: consultation
Consultation on reforms to audio-visual tax reliefs. The proposals aim to simplify and modernise the reliefs, boost growth in the sectors and ensure the reliefs remain sustainable.
This consultation closes at 11:30am on 9 February 2023
The audio-visual tax reliefs support and incentivise the production of culturally British film, animation, high-end TV, children's TV and video games.
Much has changed since the introduction of the original film tax relief in 2007, and the creative industries are rapidly evolving, reflecting new cutting-edge technology and demands from the public for ever higher quality content. The government is seeking to build upon the success of the reliefs and go further to support the growth of the highly skilled and innovative audio-visual sectors.
The package of reforms proposed in this consultation aims to simplify and modernise the reliefs and ensure they boost growth in the audio-visual sectors whilst remaining fiscally sustainable. The government is interested in feedback from a wide range of sources, including individuals, companies, representative and professional bodies.