UK Extends Movie Tax Break Until 2015

Prime Minister David Cameron has announced that film tax relief will be extended for four more years until the end of December 2015. It had been due to expire March next year. The UK tax break is worth 16% of the budgets of Hollywood movies shooting over here, and 20% of the budgets for local films. The news is designed to re-assure Hollywood that the UK is still the place to shoot big-budget movies. Recent Hollywood productions that have shot at Pinewood Studios include Ridley Scott’s Prometheus, Tim Burton’s Dark Shadows and Snow White and the Huntsman. The tax break has been worth $151 million to producers over the most recent financial year, supporting over $1.6 billion spent on 208 UK-qualifying films. (more…)

This article was printed from https://deadline.com/2011/11/uk-extends-movie-tax-break-until-2015-193595/