Film Tax Relief

The Film Tax Relief changes removes the distinction between high and low budget films, the tax deduction for qualifying expenditure will apply to all qualifying films on or after 1 April 2015.

On 2 October 2015 regulations were made confirming that the film tax relief changes announced in the March 2015 Budget, specified 1 April 2015 as the date the tax relief takes effect.

These changes remove the distinction between high and low budget films, and were enacted by section 29 of the Finance Act 2015 so that the tax deduction for qualifying expenditure will apply to all qualifying films which complete principal photography on or after 1 April 2015.