Film production in the UK is quite likely to suffer because new tax rules are scaring off investors, industry figures claim. The government has effectively closed a tax loophole that allowed the rich to invest in high-risk ventures and use any losses to reduce their tax bill. A remake of the St Trinian's film could even be scrapped because of the change, according to its fina…

 Tax Breaks Pay Off For Producers  The British film industry has reached a new high, with figures released today showing a big leap in the amount being spent on making movies here. Statistics from the UK Film Council show that £840m was spent last year, 48% up on a 2005 spend of £569m. Studios are also coming to Britain in greater numbers - inward investm…

Variety is reporting that, as previously anticipated here, Disney/Walden Media's new Narnia film Prince Caspian will be able to access the new British tax incentives without shooting in the UK. This is down to changes in the Cultural Criteria which recognises films based on British books with British characters: meeting this is sufficient to qualify as British. To then access up to 20% of t…

PACT wants credits to cover cost of shooting abroad British producers have called for the U.K. government to widen its definition of expenditure that qualifies for the new film tax credit, to include the cost of British films shooting abroad. As currently drafted, the tax relief, worth 20% for movies under $38 million and 16% for bigger films, is restricted to money spent within the U…

Revised guidelines appear to no longer require film to be shot in the UK or have UK cast and crew to qualify as 'British' Details of the new cultural test for qualifying British Films for new tax relief were announced Thursday as well as transitional arrangements for films set to . At first examination and seemed to suggest that  the new system potentially would allow any film me…

New UK Tax Relief to replace Section 42 from January 1st 2007 A new 'Cultural Test' for British films has been given the green light by the European Commission today, and should come into force on 1 January 2007. The test determines whether films can qualify for the new system of tax relie announced by the Chancellor in the Budget earlier this year.

  The UK Film Council's New Cinema Fund (NCF) is now inviting individual filmmakers and production companies to apply to the 2006/07 Completion Fund. The fund is part of the New Cinemas Fund's programme to enable directors and producers to push their creative boundaries, develop new talent and to invest in short films that illustrate unique ideas and an innovative approach. T…

Adam P Davies and I have recently begun work on a new film funding book - an update to the One With The Pig on the Front. One of the things I'm most interested in this time round, following on from the Cluetrain stuff, is community-driven financing, and in particular how filmmakers who communicate directly with their audience online can bypass conventional sales and financing methods to som…

The UK Film Council's New Cinema Fund (NCF) is now inviting individual filmmakers  and production companies to apply to the 2006/07 Completion Fund. The fund is part of the New Cinemas Fund's programme to enable directors and producers to push their creative boundaries, develop new talent and to invest in short films that illustrate unique ideas and an innovative approach.&nb…