The UK will, subject to State aid approval, introduce new tax reliefs for television programmes and video games with effect from April 2013. Cliona Kirby examines the detail.
Under the draft measures tax relief can be utilised through surrendering the enhanced tax losses generated for a payable cash tax credit or utilising such losses to mitigate UK corporation tax liabilities. The tax relief will generate:
Typically most film production companies have chosen to benefit...
