Overview

• Independent filmmakers can claim 53% tax relief on production costs for films with budgets up to £15 million.
• The tax credit applies to productions that began principal photography on or after April 1, 2024, and have a UK writer, director, or co-production status.
• UK Culture Secretary Lisa Nandy announced the tax credit to coincide with the start of the London Film Festival.
• The initiative is part of a broader strategy to boost the UK's creative sector, which generates £125 billion annually.
• Industry leaders, including BFI Chief Executive Ben Roberts, have praised the tax relief as a transformative support for independent filmmaking.