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ALLISON PLAGER reports proceedings from the seventh and eighth sittings of the Finance Bill Standing Committee A.
ALLISON PLAGER reports proceedings from the seventh and eighth sittings of the Finance Bill Standing Committee A.
Inordinate amounts of time seem to be being spent on the Finance Bill measures relating to film tax. The seventh sitting continued on from where the sixth left off with Ed Balls Economic Secretary to the Treasury promising that detailed guidance on the new legislation would be produced by the end of summer. He also confirmed that the purpose of clause 36 'meaning of “qualifying co-production” and “co-producer”' was to enable a film made under international co-production agreement to be treated in the same way as a British film i.e. it would qualify for the enhanced relief. More would be done to bring more countries and film-making centres within the scope of those agreements.
Clauses 33 34 35 and 36 were ordered to stand part of the Bill.
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