UK Approves 53% Tax Relief for Independent Films

The new tax credit aims to bolster the UK's film industry by supporting productions with budgets up to £23.5 million.

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.