The UK offers tax benefits to film, TV and video game creators

The UK offers new tax aid For national producers of film, television content and video games by the beginning of 2024, as announced by the British Ministry of the Economy.

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As of January 1, 2024, These types of production receive higher tax breaksIn addition to “greater flexibility in production decisions and more transparency about the amount they can obtain from credit companies.”

Under the new rule, children's content and TV animation, as well as films with expenditures exceeding £1 million (about 1.15 million euros) will receive the fee. An additional 42,500 pounds (about 48,800 euros) in tax benefits.

For their part, other television, film or video game productions will receive additional tax benefits 5000 pounds (about 5,700 euros).

Although the new procedure enters into force on January 1, in order to facilitate adaptation to productions whose development extends until April 1, 2025, They will be able to benefit from the previous tax system until April 1, 2027.

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According to Finance Minister Nigel HuddlestonThe executive hopes that this assistance will support “the creators of future ‘Barbie’, ‘Happy Valley’ or ‘Grand Theft Auto’.”

“The United Kingdom is A global leader in creativity “We want to ensure this continues into the future by facilitating the success of British films, TV content and video games,” he said.

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