Following on from the success of the film, high end TV, animation, video games and theatre tax reliefs, a new children’s TV tax relief will be introduced from April 2015
This will counteract a decline in investment in children’s TV in the last decade. Eligible companies will be able to claim 25% of qualifying production spending back through the relief.
The government will also consult on introducing a new orchestra tax relief which is likely to take effect in April 2016 and would mirror the current scheme for regional theatres.
There are also suggestions of a review of the minimum UK expenditure for high-end television tax relief from 25% to 10% and plans to modernise the cultural test, to bring the relief in line with film tax relief.