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23/02/2004

Pact submit transitional arrangement proposals on taxation rule changes

Following the Inland Revenue’s changes to the rules covering losses through partnerships, Pact, together with the UK Film Council and BSAC, have met with Inland Revenue officials and made the case for transitional arrangements.
A list of those films directly affected by the announcement, where financing commitments were 100% in place by February 10 and where cash expenditure had already been committed, has been submitted, both to Estelle Morris, the Films Minister, and the Inland Revenue.
The Minister and the Inland Revenue have yet to respond.
(GB)
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