Detail of outcome
Consultation on test to identify culturally British high-end television that might be considered eligible for the new tax relief
In the March 2012 Budget, the Chancellor of the Exchequer announced that the Government will introduce corporation tax reliefs for Animation, High-end television and Video games industries from April 2012, subject to State Aid approval from the European Commission, and following consultation on design. HM Treasury’s consultation on proposals setting out these tax reliefs closed on 10th September 2012.
This Department for Culture, Media and Sport (DCMS) consultation paper separately seeks views on a proposed test to identify culturally British high-end television that might be considered eligible for the new tax relief. This requirement is in line with the European Commission’s rules on State Aid. The final design of the cultural test for animation will therefore be dependent upon input from both this consultation and the European Commission.