UK Government Announces Major Tax Relief for Independent Films and Creative Sector

The new measures aim to support new talent and ensure Britain's status as a global creative hub.

Chancellor Jeremy Hunt announced a significant tax relief for UK independent films and the creative sector, aiming to bolster the industry and support new talent.
The tax relief includes a 40% reduction on gross business rates for eligible film studios in England until 2034 and a new tax credit for UK independent films with a budget of less than £15 million.
The move has been praised by prominent filmmakers like Christopher Nolan, Richard Curtis, and Emerald Fennell, as well as industry leaders, as a game-changing support for the sector.
The announcement also includes permanent tax reliefs for orchestral productions at 45% and for theatre productions, aiming to ensure Britain remains a global capital of creativity.
The new Jurassic World movie is set to shoot in the UK later this year, highlighting the country's growing status as a major film and TV production center.