Global Showbiz Briefs: UK, France, Iraq

UK Touts Film Tax Relief Results
Britain’s department of Revenue & Customs released figures today outlining the impact of the country’s production tax breaks. Since the scheme was introduced in January 2007, 760 films have been eligible for the tax relief with 650 films making £645 million worth of claims. Through the end of 2010, 585 films had received £570 million. The total production spend was £5 billion, 75% of it in the UK. Big-budget films had an average spend of £82.9 million. Films budgeted at under £20 million more frequently sought out the relief and were granted a total of £230 million versus £340 million for bigger-budget pics. Under the tax relief program, films with a core expenditure of £20 million or less can claim a 25% rebate on qualifying UK spend while pics with over £20 million in core expenditures can claim 20%. Films must either qualify as British or be an official co-production. (more…)

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