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Following state aid approval, film tax relief will continue to be available until the end of December 2015.
The relief is aimed directly at film production companies for the expenses they incur on the production of a film intended for theatrical release in commercial cinemas.
To be eligible, the film must be certified as British, either by passing a cultural test or under an agreed co-production treaty, and must incur at least 25% of the total production expenditure in the UK.
Companies not making a profit may be able to surrender the relief for a payable tax credit worth up to 20% of the total budget for a limited-budget film and up to 16% for other films.
A higher value of support may be achieved if the relief is used to reduce company tax liabilities.
