GovWire

As announced at Autumn Statement 2023, the government will provide additional tax relief for expenditure on visual effects. Thegovernment intends to deliver through increasing the generosity of the Audio-Visual Expenditure Credit for visual expenditure. The government intends to consult on the detailed policy design of further support and intends to implement changes to the expenditure credit from April 2025.

This call for evidence will inform the development of targeted proposals for how the government will achieve this. It asks for evidence on recent trends in the visual effects industry and on the impact of the current structure of the film and high end TV tax reliefs on investment decisions.