Written Question·Treasury·UIN 13834

Film: Tax Allowances

Tabled: 12 November 2024

Answered: 20 November 2024

Question

Mr Andrew Snowden

To ask the Chancellor of the Exchequer, if her Department will issue guidance on whether film and television productions that use generative artificial intelligence qualify for (a) the Independent Film Tax Credit and (b) rate relief for VFX spend.

Answer

James Murray

From 1 April 2025, films with a UK lead writer or director and budgets of under £15 million will be able to claim an enhanced 53% rate of Audio-Visual Expenditure Credit (AVEC), known as the Independent Film Tax Credit (IFTC). Generative artificial intell...

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