Can facilities survive the current lull until new proposed enhanced tax relief kicks in? Adrian Pennington reports.
The promise of a more internationally competitive tax scheme targeted at the UK’s VFX industry can’t come a moment too soon for facilities, but lobby group UK Screen Alliance will be holding this and future governments feet to the flames to ensure the bill is passed by 2025.
“A number of companies are hanging on with white knuckles onto this timeline,”
Neil Hatton, CEO of UK Screen Alliance, told IBC365. “We can see the light at the end of the tunnel with the end of the strikes and the light is brighter now we have a promise of greater tax relief. But we’ve got to get there first.”
The affirmation of the government’s commitment to supporting the VFX sector in the Autumn Statement is a welcome boon to the beleaguered sector.
“What was announced was a significant step forward in that the previous promise from the government delivered on...
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