×
You will be redirected back to your article in seconds

U.K. Pays Out $2.24 Billion in Film Tax Relief in Nine Years

LONDON — The U.K. government has paid out almost £1.5 billion ($2.24 billion) in film tax relief since the current rebate model was introduced in January 2007, its statistics unit has reported.

Some £1 billion ($1.49 billion) of this was paid to big-budget films, and £450 million ($671 million) to lower-budget films. There have been 2,615 claims since the rebate started. In 2014-15, there were 485 claims and more than £250 million ($373 million) paid out. In comparison, in 2007-08 there were 115 claims and £104 million ($155 million) paid out.

The films that have qualified for the rebate in 2015 have included “Mr Holmes,” “Suffragette,” “Avengers: The Age of Ultron” and “Genius,” which world premieres in February at the Berlin Film Festival.

The high-end television tax relief, which has been available since April 2013 to TV productions budgeted at £1 million ($1.49 million) or more an hour, resulted in government pay-outs totaling £92 million ($137 million). In 2013-14, £52 million ($77.5 million) was claimed and £51 million ($76 million) paid out.

Animation tax relief has produced £10 million ($14.9 million) in pay-outs since it bowed in April 2013. In 2013-14, almost £4 million ($5.96 million) was claimed and £3 million ($4.47 million) paid out.

Stephen Bristow, head of business development — film and TV at accounting firm Saffery Champness, commented: “The announcement of the cost of the creative sector tax reliefs for film, high-end television and animation demonstrates the enormous commitment the government has made to the creative sector.

“The creative industries are a huge contributor to the U.K. economy, adding billions to the U.K. GDP and employing more than 1.8 million jobs up and down the country. Employment in the creative industries is at twice the rate of the wider economy. These jobs range from high-tech innovators in the post-production sector to plumbers, carpenters, electricians and drivers.”

More Artisans

  • Luciano Pavarotti

    Ron Howard Turned to Editor Paul Crowder to Make His 'Pavarotti' Documentary Sing

    Ron Howard is fast becoming a noted music documentarian: His 2016 film, “The Beatles: Eight Days a Week — the Touring Years,” released by Abramorama in theaters and Hulu on television, was a Grammy winner. His follow-up is “Pavarotti,” a doc about the man who became one of the most successful and beloved opera singers in [...]

  • Lesley Barber Film Composer

    How 'Late Night' Composer Lesley Barber Channeled Paul Shaffer for Talk-Show Theme

    When director Nisha Ganatra started planning “Late Night,” the new Emma Thompson-Mindy Kaling film about a failing late-night network talk show, she knew she’d need a house band and a theme for the program. Her first call was to composer Lesley Barber (“Manchester by the Sea”), with whom she had worked a few years ago on [...]

  • Ma Movie Set Design

    How 'Ma' Filmmakers Turned a Garage Into Octavia Spencer's Party Basement

    In the new psychological thriller “Ma,” a middle-aged woman played by Oscar winner Octavia Spencer befriends a group of teenagers and invites them to use the basement of her house as a place to party. Of course they accept, and much of the film happens there, though the subterranean space we see in the film [...]

  • Jim Frohna Big Little Lies Cinematographer

    'Big Little Lies' Gets a More Naturalistic Look for Season 2

    Jim Frohna has a knack for framing female-centric stories that are lyrical and dramatic. As Jill Soloway’s shooter since her debut feature, “Afternoon Delight,” as well as several seasons of “Transparent,” Frohna has become a preferred DP for capturing the female gaze. So when conflicts in scheduling kept director Jean-Marc Vallée and DP Yves Bélanger from [...]

  • Fosse Verdon BTS

    How 'Fosse/Verdon' Recreated 'Big Spender'

    The making of one of filmmaker Bob Fosse’s early triumphs, the sizzling “Big Spender” sequence from the 1969 musical “Sweet Charity,” kicks off the opening moments of the first episode of FX’s bio-limited series “Fosse/Verdon” in the same sultry style for which the legendary director-choreographer was known. It juxtaposes the film’s dancers in a sinuous, [...]

  • Andy Vajna Remembered

    Hungary's Film Business Copes With Life After Late Producer Andy Vajna

    When the producers of Lionsgate’s “The Spy Who Dumped Me” were struggling to get a permit for a key location on the streets of Budapest several years ago, they knew exactly where to turn. “I called Andy,” says Adam Goodman, whose Mid Atlantic Films serviced the shoot. “I said, ‘Look, we need your help.’” Goodman [...]

More From Our Brands

Access exclusive content