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U.K. Government Unveils Tax Relief for Studios and Indie Film Credit as ‘Jurassic World 4’ Sets Shoot in Country
During the reading of the U.K. government's spring budget on Wednesday, a 40% corporate tax relief for film and TV studios was revealed.
During the reading of the U.K. government’s spring budget on Wednesday, Chancellor of the Exchequer Jeremy Hunt revealed a 40% corporate tax relief for film and TV studios through 2034. “We have become Europe’s largest film and TV production centre,” Hunt said, according to the BBC. Hunt continued to say that the government had listened “carefully to representations from companies like Pinewood, Warner Bros. and Sky Studios” and “will provide eligible film studios in England with a 40 percent relief on their gross business rates until 2034.”
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