Tax relief – Film

21 April 2022 / Insight posted in Practical guides

Some films are eligible for Film Tax Relief (FTR). This relief can increase the amount of expenditure that is allowable as a deduction for tax purposes or, if the company makes a loss, can be surrendered for a payable tax credit. This can provide a 25% subsidy towards the cost of making a film. There are a number of conditions.

The relief applies to British films which are intended for theatrical release. For films where production starts on or after 1 April 2022, or ongoing productions where principal photography has not completed by 1 April 2022, film tax relief is also available for productions which meet the criteria for High-end television tax relief.

There are a number of other conditions. Please download our flyer for a detailed explanation of the rules.