LONDON – The proposed tax credit system for high end TV, animation and video games has leapt through the final hoops standing in its way and will be in place from April 1, 2013.
The introduction is designed to help keep the U.K. on the map with Hollywood studios and high end producers looking to make big budget TV projects -- likely to be budgeted at $1.5 million plus per episode.
The proposals for the credits had to secure state-aid approval by Brussels before the British government could start implementing the long-awaited tax benefits to applicants. ...
Thank the Lord approval was extended. Any day Britain's conservative government can steer a little socialist largesse to the movie business is twenty-four hours well spent
Now. Back to AUSTERITY!