News & Media

Exciting News For The UK Film Industry!

07 Jun 2024

If your production company is UK based

 

The BFI, filmmakers and industry leaders have recently overwhelmingly welcomed the introduction of a 53% expenditure credit (equating to a tax relief of approximately 40%) for UK film productions with a budget up to £15m.

The intervention was announced in the Government’s Spring Budget to support this vital, but severely challenged, part of the UK’s film industry.

This follows work from the BFI and industry and Pact’s proposal to model how tax relief could be made more effective and is welcomed by UK filmmakers. This move aims to boost the industry’s growth and propel the UK to become the world’s second largest film production centre.

The timing couldn’t have come at a better time as the expansion of Shepperton Studios in Surrey is now open and Amazon, MGM Studios and Netflix are in occupation with Shepperton Studios now being the world’s second biggest film studio!

If your production is UK based but involves some overseas shoots, or you need to fly in talent from abroad, partner with VMR Travel – Media & Entertainment specialist in the travel industry – with a dedicated experienced team handling all your travel logistics and requirements.

Get in touch today to see how we can help you.

“Service Led Travel Management” by VMR Travel.

info@vmrtravel.co.uk

www.vmrtravel.co.uk/media-entertainment

#Media #Entertainment #TravelLogistics #ServiceLed #TravelSpecialists

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