Policy paper
Corporation Tax: tax relief for independent film productions
This tax information and impact note is about the higher rate of relief for the audio-visual expenditure credit scheme for independent film productions.
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Details
Films which meet the qualifying criteria for an independent film will be eligible for a higher rate of expenditure credit on their qualifying expenditure.
The basic rate of credit under Audio-Visual Expenditure Credit (AVEC) is 34% — independent films will receive a rate of 53%.
Published 6 March 2024