Wednesday 21 March 2012
Lucy Parry, Media Tax Specialist at KPMG comments on planned tax reliefs for the production of video games, animations and high-end television productions:
“This is a welcome boost for the UK creative industries. It will hopefully prevent large budget British TV productions like Titanic and The Tudors being filmed abroad where tax breaks are more generous.”
“We expect the new reliefs to be modelled on existing film tax credits which were introduced a few years ago and have been very successful in bringing more film productions to Britain.”
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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 11,000 partners and staff. The UK firm recorded a turnover of £1.7 billion in the year ended September 2011. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 152 countries and have 145,000 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.
