30th Nov 2022
Policy Roundtable on Audiovisual Tax Reliefs
On: Wednesday 30 November 2022 from 10.00am – 11.30am
At: Central London location (EC4) AND via Video Conference
For: Members and Associate Members only
British Screen Forum is convening this Policy Roundtable to discuss a potential response to the Treasury consultation announced on 17 November 2022 on changes affecting the five tax reliefs schemes for film, HETV, video games, animation and children’s TV. The proposed changes include merging the five reliefs into a single tax credit, removing the 80% of core expenditure cap, amending HETV qualifying criteria in relation to slot length and minimum budget, and introducing a legal definition of ‘documentary’. This initial meeting will set the parameters of a proposed British Screen Forum submission.
Full details of the consultation are available here: https://www.gov.uk/government/consultations/audio-visual-tax-reliefs-consultation
The proposed changes are clearly important for a very wide range of members and we are delighted to confirm that this workstream will be chaired by Tim Johnson (Partner, Fieldfisher) with Jonathan Simon acting as rapporteur. The aim of this meeting will be to identify the specific proposals on which a consensus among British Screen Forum members might be found, the key arguments to be deployed and whether there are related points that we should be making (eg in relation to an enhanced rate for UK films in a particular budget range). Following this meeting, our intention is to circulate a skeleton outline for comment by members before proceeding to a first full draft.
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