Broadcast News

Bookmark and Share

PACT launch campaign to save film tax breaks

PACT have warned that the UK's influential film tax breaks could disappear completely in July 2005.
While the tax relief mechanism under Section 48 is due to expire in 2005, the film industry are hoping for another extension after lobbying led by the Film Council secured a renewal in 2002. But PACT said in a statement that: "there is considerable concern, both at PACT and within the independent production community, as to what, if any, fiscal support will replace it."
Fears have been growing that the Government will decide that the industry has benefited long enough from the breaks, which were introduced in 1997. Many believe that the final straw will be the Treasury's growing alarm over a tiny minority of producers who are widely seen as abusing the tax mechanism by using to it to fund overseas productions with only a minimal UK interest.
PACT's statement, one of the first signs of the intense lobbying expected in the run-up to 2005, comes as industry agencies meet with the Culture, Media and Sport Select Committee, a Government think tank looking at the film sector.
PACT's statement is also seen as a response to Film Council chairman Alan Parker's criticism of the tax breaks last year, when the director said they were "taking us nowhere" and called for them to focus on distribution as well as production. PACT said that production and distribution should be encouraged to work more closely together, but support for one should not be at the expense of the other.
"The tax incentives have been instrumental in offsetting some of the risk associated with film investment," said Margaret Matheson, PACT's vice-chair for film. "In particular, Section 48 has attracted investors to the sector allowing a critical number of indigenous films to be made. It's important to maintain this level of production from which many films have achieved commercial and critical success."
Solidmate Ltd Memory Card Hire London

Top Related Stories
Click here for the latest broadcast news stories.

Creative Drive Remains The Beating Heart Of Post Production
We work in an industry where literally "time is money", and while technology and the way we work may have changed over the years, the drive for greate
Broadcasters & Post Production Facilities Digitising Legacy Tape Formats: Pt 4
The fourth in a series of articles by Pat Horridge of VET Training covering the issues facing broadcasters & post houses needing to digitise legacy ta
JVC's Robotic PTZ Video-Over-IP Production Camera
The first PTZ camera in JVC's line-up, the KY-PZ100 PTZ is popular for live production, events and sports. When connected to a Wi-Fi adapter or 3G/4G
UK Studios: An International Success Story
It has often been said that Hollywood is the most recognisable film industry in the world, with hundreds of movies and television series generated eve
Scotland Welcomes Record Spend On Film/TV Production
New figures have revealed that production spend on Scotland's film and television sector increased by more than 30% last year. Released by Creative Sc
BRITISH filmmakers are putting pressure on the UK treasury to extend the 100 per cent tax relief concession on film making beyond 2002. Filmmakers say
Timeline North Provides Post-Production On Sports Personality Of The Year 2017
Timeline North, based in MediaCityUK, is providing post-production on Sports Personality of the Year 2017 live show VTs as well as a 60-minute present
Future Film Skills – An Action Plan
The BFI has launched Future Film Skills – An Action Plan at the House of Commons alongside the Culture Secretary, Karen Bradley, and producer Barbara
Blackmagic Design Announce Accessory For Cintel Film Scanners
Blackmagic Design today announced the new Cintel Audio and KeyKode Reader accessory for its Cintel Film Scanner, which lets customers scan audio and K
Film Minister Welcomes Approval For Revised UK Film Tax Incentive Scheme
Film Minister Shaun Woodward has welcomed the European Commission approval of the United Kingdom’s film tax incentive scheme on the basis of EC Treaty
Pinewood MBS Lighting Deliver For New Film
Pinewood MBS Lighting has worked alongside Cinematographer Josie Williams on the award-winning film David and Bathsheba by Directors Sammy Patterson a
Skylark Aerial Photography Teams Up With IDP Film
Skylark Aerial Photography has teamed up with IDP Film as a Northern Office to ensure better coverage throughout England, it has been announced. Skyla
Production News : Irish Tax Breaks To Encourage Film, TV Production
Irish Arts Minister Heather Humphreys has said enhanced tax breaks for the film and TV sector that came into effect this week will help to attract maj
Pact welcomes extension of Film Tax relief
Pact has welcomed Chancellor Gordon Brown's announcement of an extension to Section 48 tax relief in today's budget statement. It extends the tax reli
Film Is Undergoing A Renaissance
Film is undergoing a renaissance with an increasing number of clients returning to film for shooting features, commercials and pop promos, writes Adri