Media & Marketing: Budget News a Positive Sign ; the West Midlands Film Industry Is Celebrating Tax Credit Boosts Roger Shannon, Producer at Swish, the Birmingham -Based Production Company, Explains Why

Summary

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The news that the Chancellor of the Exchequer has set the value of the new tax credit for lower and higher budget films is a positive sign that the waiting game and the hiatus in UK film production will soon be over.

Complementing the tax credit news is also the DCMS's (Department for Media and Culture) new structure and formulae for a 'cultural test' to determine the definition of a British film.

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Extract

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Media & Marketing: Budget News a Positive Sign ; the West Midlands Film Industry Is Celebrating Tax Credit Boosts Roger Shannon, Producer at Swish, the Birmingham -Based Production Company, Explains Why

Beginning in April 2006, the new tax relief will be worth 20 per cent for films with budgets up to pou...

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