{"id":8776,"date":"2018-10-10T10:37:04","date_gmt":"2018-10-10T14:37:04","guid":{"rendered":"http:\/\/worldscreen.com\/tveurope\/production-tax-breaks-added-8-billion-u-k-economy\/"},"modified":"2018-10-11T09:06:04","modified_gmt":"2018-10-11T13:06:04","slug":"production-tax-breaks-added-8-billion-to-u-k-economy","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tveurope\/2018\/10\/10\/production-tax-breaks-added-8-billion-to-u-k-economy\/","title":{"rendered":"Production Tax Breaks Added \u00a38 Billion to U.K. Economy"},"content":{"rendered":"<p>An independent report commissioned by BFI has found that the tax breaks across high-end TV, kids&#8217; content, animation, film and video games added \u00a37.9 billion ($10.4 billion) to the U.K. economy in 2016.<\/p>\n<p>Overall, across film, high-end TV and animation, the tax relief boosted production spend by 63 percent and employment by 62 percent.<\/p>\n<p>The high-end TV production tax credit was introduced in 2013. Since then, expenditure more than doubled from \u00a3414.9 million ($548 million) to \u00a3896.7 million ($1.2 billion) in 2016. High-end TV content also generated \u00a3580.2 million ($765 million) in revenue for U.K. broadcasters in 2016, and \u00a3185.8 million ($245 million) in revenue for other video platforms.<\/p>\n<p>The report also found that film and high-end television production attracted \u00a31.97 billion ($2.6 billion) of inward investment and international co-production in 2016, reflecting 76 percent of total spend on film and high-end television production. High-end TV attracted \u00a3554.2 million ($731 million) of inward investment and international co-production expenditure, a 28 percent rise on 2015.<\/p>\n<p>Tax relief for animation, which also came into effect in 2013, helped to drive 2016 production spend to \u00a397.1 million ($128 million), including \u00a338.3 million ($51 million) in inward investment and co-production.<\/p>\n<p>The children&#8217;s programming tax relief was introduced in 2015. In 2016, production spend on 36 kids&#8217; programs was \u00a361 million ($80 million).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An independent report commissioned by BFI has found that the tax breaks across high-end TV, kids&#8217; content, animation, film and video games added \u00a37.9 billion ($10.4 billion) to the U.K. economy in 2016.<\/p>\n","protected":false},"author":290,"featured_media":8777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[75,69],"tags":[1012],"class_list":["post-8776","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-analysis","category-top-stories","tag-bfi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Production Tax Breaks Added \u00a38 Billion to U.K. Economy - TVEUROPE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/worldscreen.com\/tveurope\/2018\/10\/10\/production-tax-breaks-added-8-billion-to-u-k-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Production Tax Breaks Added \u00a38 Billion to U.K. Economy - TVEUROPE\" \/>\n<meta property=\"og:description\" content=\"An independent report commissioned by BFI has found that the tax breaks across high-end TV, kids&#039; content, animation, film and video games added \u00a37.9 billion ($10.4 billion) to the U.K. economy in 2016.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/worldscreen.com\/tveurope\/2018\/10\/10\/production-tax-breaks-added-8-billion-to-u-k-economy\/\" \/>\n<meta property=\"og:site_name\" content=\"TVEUROPE\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-10T14:37:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-11T13:06:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/worldscreen.com\/tveurope\/wp-content\/uploads\/sites\/14\/2017\/07\/BlackMirror-1018.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"320\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mansha Daswani\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mansha Daswani\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/worldscreen.com\/tveurope\/2018\/10\/10\/production-tax-breaks-added-8-billion-to-u-k-economy\/\",\"url\":\"https:\/\/worldscreen.com\/tveurope\/2018\/10\/10\/production-tax-breaks-added-8-billion-to-u-k-economy\/\",\"name\":\"Production Tax Breaks Added \u00a38 Billion to U.K. Economy - TVEUROPE\",\"isPartOf\":{\"@id\":\"https:\/\/worldscreen.com\/tveurope\/#website\"},\"datePublished\":\"2018-10-10T14:37:04+00:00\",\"dateModified\":\"2018-10-11T13:06:04+00:00\",\"author\":{\"@id\":\"https:\/\/worldscreen.com\/tveurope\/#\/schema\/person\/83da304c8bad8bfdb3edd7eb47cfe5ad\"},\"breadcrumb\":{\"@id\":\"https:\/\/worldscreen.com\/tveurope\/2018\/10\/10\/production-tax-breaks-added-8-billion-to-u-k-economy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/worldscreen.com\/tveurope\/2018\/10\/10\/production-tax-breaks-added-8-billion-to-u-k-economy\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/worldscreen.com\/tveurope\/2018\/10\/10\/production-tax-breaks-added-8-billion-to-u-k-economy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/worldscreen.com\/tveurope\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Production Tax Breaks Added \u00a38 Billion to U.K. Economy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/worldscreen.com\/tveurope\/#website\",\"url\":\"https:\/\/worldscreen.com\/tveurope\/\",\"name\":\"TVEUROPE\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/worldscreen.com\/tveurope\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/worldscreen.com\/tveurope\/#\/schema\/person\/83da304c8bad8bfdb3edd7eb47cfe5ad\",\"name\":\"Mansha Daswani\",\"description\":\"Mansha Daswani is the editor-in-chief and associate publisher of World Screen. 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