TAX RELIEF FOR
Copyright 2001 www.tombraiderchronicles.com
[ March 8th 2001 ]
continuation of tax breaks for film production
in the UK is expected to secure 40,000 jobs after
the British Film Council successfully lobbied
the culture department and treasury who said their
long term aim was to create a "more sustainable
and better capitalised film industry", The Guardian
reports today. This follows the recent implementation
of legislation in Iceland which rewards foreign
productions a 12 per cent tax incentive, and could
see Simon West's Tomb Raider reimbursed for costs
incurred while filming on the glacier plains of
Iceland's rich landscapes.
towards a British tax relief initiative was responsible
for a record £500m worth of foreign film production
last year attracting the likes of Tomb Raider,
The Mummy Returns and the Stephen Spielberg production
of Band Of Brothers to the UK for filming.
is hugely important for the British film industry,"
said John Woodward, chief executive of the Film
Council. "Section 48 relief's have been vital
to the recent resurgence of film production in
the UK and there is now a firm foundation for
growth and exports over the next few years."