Tax Rebates & Refunds

BFI to decide which TV and film projects are eligible for tax rebates

March 12, 2013
Posted in Tax Rebates — Written by Geoffrey

The British Film Institute (BFI) has reportedly been given the task of helping to decide which UK TV projects will be eligible for tax rebates when the UK launches its tax break scheme for the entertainment production industry in just a few weeks.

Starting from April 2013, the makers of TV dramas, documentaries and dramas, as well as animation and video game projects, with a budget of over £1 million an hour will be eligible to claim tax rebates on their production costs. The projects which qualify for the scheme will be able to get a tax refund of up to a quarter of 80% of their production budget, provided the project is produced in the UK.

A similar scheme is already in place for film projects produced in the UK, which the BFI already acts as the certification unit for. The organisation will now be the first point of contact for TV project applicants wanting to qualify for tax relief. To help it tackle its new role, the BFI is understood to be consulting with experts from high-end TV, animation and video game fields and will also be hiring new certification analysts.

No Comments (Leave comment »)

No comments yet.

Comment RSS | TrackBack URL

Leave a comment