The country celebrated and world-leading creative and arts sectors have flourished in the last year thanks to £1.1 billion of support from Government.
The award-winning TV series Killing Eve and the critically acclaimed film Phantom Thread are among the productions to have benefited from High-End TV and Film Tax Reliefs respectively.
Since these tax reliefs were introduced, 2,955 films, 485 TV productions and 1,075 videogames have benefited and, for the first time, museums and galleries exhibition tax relief has helped to showcase 300 exhibitions across the UK.
In 2016, the screen sector contributed almost £8 billion to the UK economy, and in the same year, the film sector alone contributed over £1.71billion of UK exports.
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Email JaimeJesse Norman, Financial Secretary to the Treasury, commented, “The arts and creative industries make a vital contribution to the UK economy. These tax reliefs have helped support some astonishing and exciting work again this year, celebrating the very best of British culture.
“Creative Sector Tax Reliefs were introduced to help UK businesses in these highly skilled and innovative sectors thrive at home and abroad. The reliefs support jobs and economic activity in all parts of the UK.”
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