Measure

Creative Sector Tax Reliefs: Call for evidence on the UK visual effects sector

The measure

The Chancellor announced his intention to increase the generosity of the Audio-Visual Expenditure Credit and today published a call for evidence on the UK visual effects sector.

 

Who will be affected?

Companies in the UK visual effects industry. 

 

When will the measure come into effect?

The government intends to implement changes from April 2025 and will consult on detailed proposals in Spring 2024.

Our view

This builds on the previously announced reforms to the creative sector tax reliefs with the new Audio-Visual Expenditure Credit and Video Games Expenditure Credit taking effect from 1 January 2024. The call for evidence is a welcome recognition of the importance of the UK visual effects sector and the need to maintain international competitiveness.