• Film tax relief is available for British qualifying films. Films must either pass the Cultural Test or qualify as an official co-production;
• Films must be intended for theatrical release;
• Films, including those made under official co-production treaties, must have a minimum UK core spend requirement of 10%;
• Tax relief is available on qualifying UK production expenditure on the lower of either: 80% of total core expenditure; or the actual UK core expenditure incurred.
• There is no cap on the amount which can be claimed.
• The film production company (FPC) responsible for the film needs to be within the UK corporation tax net.