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News articles

December 5, 2012

The Chancellors statement today highlighted something very interesting if you are in the Creative Sector

The Government is to proceed with special corporation tax reliefs for companies involved in the production of animated films, high-end television programmes and video games. The new reliefs will apply from 1 April 2013 (subject to State aid approval) and will allow an additional deduction of 100% of certain specified expenditure. As an alternative the company will be able to claim a payable tax credit at a rate of 25% of qualifying losses surrendered.

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