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UK Government Puts Dampener On High-End TV Tax Credit Uplift Despite Industry Demands
Any UK government High-End TV tax credit uplift is unlikely, a report from Lisa Nandy's department has said, which also addressed the streamer levy.
'Doctor Who'BBC One of the CMSC’s main recommendations was for the circa-25% tax rebate, which has had a gamechanging impact on the UK industry, to be given a “targeted uplift” for shows costing between £1M ($1.37M) and £3M per hour, with the BFI given the task of conducting “urgent analysis.” “There are a multitude of factors to consider when deciding on new tax reliefs beyond return on investment and sector impact, and the government is committed to ensuring that all public money is spent and targeted effectively across the full breadth of the creative industries and the economy,” said today’s report. The government used today’s response to officially kill of the idea of a levy on streamers in the UK, which it said would not meet its goal of “supporting a mixed ecology,” although it stressed it will “continue to engage with major SVoD services, with the independent production sector and with PSBs on how best to ensure mutually beneficial conditions for all parties.”
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