UK overhauls film & TV tax relief, with ‘meaningful amount’ being returned to big budget shows
Industry insiders have welcomed the overhaul of the UK’s film & TV tax relief scheme, which will result in a “meaningful amount” being returned to big budget shows while the minimum threshold for spending remains unchanged at £1m ($1.1m). The Audio-Visual Expenditure Credit (AVEC) scheme, unveiled as part of UK chancellor Jeremy Hunt’s budget, will […]