The UK government has placed wet improvements to the United Kingdom Advanced TV tax Because it responds to the various demands The Effective Culture, Information and Sports Committee (CMSC) was made earlier this year.
One of the main CMSC recommendations for tax deduction was about 25 %, which had an impact on Gamechanging on the UK industry, to be awarded a “targeted” lifting of offers that cost between one million pounds ($ 1.37 million) and 3 million pounds per hour, while granting BFI the task of “urgent analysis”.
The government’s response today to CMSC does not match the urgency.
Today’s report said: “There are many factors that must be taken into account when taking a decision on new tax exemptions that exceed the return on investment and the impact of the sector, and the government is committed to ensuring the spending of all public funds and targeting them effectively through the expansion of creative industries and the economy.” “The advisor makes decisions on tax policy in financial events in the wider public context.”
The report also regained CMSC demands to request television production that demands credit to report the collapse of their spending throughout the United Kingdom, as well as measuring credit against competitors twice annually.
The government added: “One of the main attractions of tax incentives in the United Kingdom, which exceeds its competitiveness, is the ease, simplicity and consistency of the process.” “Therefore, the government currently does not have any plans to introduce additional complications in reporting spending across countries and regions.”
The government’s approach to tax credit is not surprising. Last week, Culture Minister Chris Bryant reduced any improvements To the 10 -year -old credit, determining the deadline for the current opponent is “very competitive with the rest of the world.”
The 25 % tax exemption for the printed cost and advertising for films that claim that the new credit of the new independent film by 40 % has also been rejected by the government, another request from CMSC.
The UK drama industry is struggling this year with what BBC describes as a text financing crisis, as it appears that American buyers are lagging behind the joint prize while the costs remain high.
The government used a response today to their official killing of the idea of banners in the UK, which it said will not meet its goal of “supporting the mixed environment”, although it stressed that it will continue to communicate with the main SVOD services, with the independent production sector and with PSBS in the best way to ensure the beneficial conditions beneficial to all parties.
Ciisa financing
Another area of anxiety was bullying and long -term harassment issues in the industry after a set of prominent scandals.
CMSC called on the government to Explore the compulsion of companies on CIISA financingThe new independent anti -bullying body, which was struggling to get off the ground.
Culture Minister Lisa Nandi is a large Ciisa fans, and it is understood that she looks at the body as it is extremely important to help rid the TV and films industries from bullying issues and long -term harassment, but it does not seem that the government is about to take strong measures.
The government added today: “We are not currently thinking about providing any additional complications or setting additional legal burdens on companies that may deter both internal investment and have an improper impact on smaller companies.”
