§ Glenda JacksonTo ask the Chancellor of the Exchequer what decision has been reached on the moratorium proposed to him for affording films in pre-production relief from the newly introduced tax liabilities. [160260]
§ Dawn PrimaroloNo new tax liabilities have been introduced on film production. A number of tax reliefs exist specifically for film production and remain available for film-makers. These include Section 42 of the Finance (No.2) Act 1992 anti Section 48 of the Finance (No.2) Act 1997. Measures to be included in Finance Bill 2004 prevent tax avoidance through the manipulation of partnership losses. A number of such avoidance schemes were targeted at the film industry.
1750W