Creative Sector Tax Reliefs – Treasury Proposals Elicit Detailed Responses as DCMS Consults on Cultural Tests

    January 2013
    This article, published in Entertainment Law Review ([2013] Ent. L.R. 1) details how the Autumn Statement, which was delivered on 5 December 2012, included the government’s confirmation of its intention to introduce corporation tax reliefs for the video games, animation and high-end television industries with effect from April 2013 (subject to state aid approval). The Finance Bill 2013 (released on 11 December 2012) contains the first draft of legislation that will put these reliefs into effect.