UK Accountancy

Film Tax Relief (FTR) is a UK government incentive program that supports and encourages the development and production of British films. The program offers financial assistance to qualifying films that meet certain criteria, providing tax relief on up to 80% of eligible production costs. In this essay, we will delve into the details of the Film Tax Relief program in the UK and examine its benefits to the British film industry. The Film Tax Relief program was first introduced in 2007 and is managed by the British Film Institute (BFI) on behalf of the UK government's Department for Digital, Culture, Media and Sport (DCMS). The program provides support for British films in various stages of production, including pre-production, principal photography, and post-production. To qualify for the program, a film must meet certain cultural criteria, including being British or European, having significant British creative input, and passing a cultural test. The cultural test assesses the exten