Britain Starts Rollout Of High-End TV Tax Credit

The British Film Insitute has begun handing out certifications to animated and high-end TV projects which will allow them to gain access to the UK’s lucrative new 25% production tax breaks. Among the first to receive certificates are several BBC projects including Death Comes To Pemberley from Origin Pictures; Red Planet Pictures’ six-part crime drama By Any Means; Mammoth Screen’s mystery Remember Me and animated CBeebies shows Calamity Island and Sarah And Duck. Sam Mendes’ psychosexual horror series for Showtime, Penny Dreadful, is expected to be among the first U.S. TV dramas to benefit. Projects must be deemed culturally British or qualify as British co-productions in order to receive a rubber stamp from the BFI. They can then apply for tax relief on production spend incurred since April 1, 2013 when the regs were put into law. The scheme allows a 25% tax credit for TV series and animated programs costing at least £1M per hour to produce. The aim is to stem runaway production and to protect the local creative industries.

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