UK producers cleared to use tax credit as equity
UK producers can use the UK tax credit which came into force earlier this year as equity in their films.The announcement was made yesterday by the UK Film Council, FilmFour and BBC Films.It resolves one of the principal issues that remained unresolved after the introduction of the new credit and follows months of negotiations with producers' body Pact.In essence, the move allows producers to take a real stake in their films on which they can build their ...
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