United Kingdom


  • Service: Tax
  • Industry: Leisure
  • Type: Press release
  • Date: 05/12/2013

Autumn Statement 2013: Creative sector relief benefits the film industry 

Thursday 5th December 2013


Commenting on today’s Autumn Statement, Chris Morgan, Head of Tax Policy at KPMG in the UK, said:

“The improvements to the existing film tax reliefs announced today are great news for the UK which is recognised as a world leader in the field.  These measures should help the British film industry grow, prosper and remain competitive on the international stage.


“The specific measures announced today include an ambition to make the film industry tax reliefs more generous with a number of steps proposed, including modernising the cultural test.  In addition, the Chancellor wants to ensure that there is additional support for wider film production and, specifically, visual effects following a Treasury consultation on this earlier in 2013.  We should hear the Treasury’s conclusions on this in the near future.


“A consultation will be issued early in the New Year, to consider scope for tax relief for the theatre sector.  Given that other creative sectors already benefit from tax breaks, thespians around the country will be hoping to be treated similarly.”


Details of measures announced today


The Chancellor has announced a number of intended measures for the film industry, including:


  • From April 2014, relief available at 25% on first £20m of qualifying production expenditure and 20% thereafter, for small and large budget films.  This is subject to State Aid approval
  • the minimum UK expenditure requirement for film tax relief will be reduced from 25% to 10%
  • modernisation of the cultural test
  • support for visual effects and wider film production


The Chancellor has also advised that a consultation will be launched early in 2014, to consider scope for tax relief for commercial theatre productions and theatres investing in new works/touring productions to regional theatres.


Please note that, at this time, little further detail is available.




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For further information please contact:


KPMG Press office


Tel:  +44 (0) 207 694 8773


Margot Cowhig, KPMG Corporate Communications


Mobile: 07920 274856




About KPMG:


KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  KPMG International provides no client services.



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Margot Cowhig

Margot Cowhig

Senior PR Manager - Tax, Pensions & Economics

KPMG in the UK

020 7694 4246 / 07920 274856

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