Written Question·Treasury·UIN 5458

Film: Tax Allowances

Tabled: 11 September 2024

Answered: 7 October 2024

Question

Tom Hayes

To ask the Chancellor of the Exchequer, whether her Department plans to provide (a) tax relief and (b) other fiscal support for the visual effects sector.

Answer

James Murray

Qualifying visual effects costs in film and TV are already eligible for the Audio-Visual Expenditure Credit, which provides a tax credit worth 34% of a film or TV company’s production costs. The previous Government announced that from 1 April 2025, UK vis...

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