In today’s Daily Bite, the British Film Institute defends UK film tax incentives following recent media reports and the Scottish Enterprise and Creative Scotland launches a pilot scheme to help boost Scottish independent TV productions.
British Film Institute defends UK film tax incentives… The British Film Institute has made moves to reassure international producers and filmmakers that the UK movie tax incentive system remains safe, stable and legitimate, reports Screen International. The BFI issued a statement responding to media reports last month that suggested certain types of film investment schemes were being used for the mitigation of investors’ tax liabilities. BFI Chief Executive Amanda Nevill said: “It is vital we distinguish between government-approved tax reliefs, such as the Film Tax Relief and the Enterprise Investment Scheme on the one hand, and tax schemes which have nothing to do with those statutory reliefs and just happen to use film as a vehicle for minimising the tax contributions of individuals, on the other.”
Scottish indies offered €1.25m (£1m) to help international sales… A €1.25m (£1m) TV production scheme has been created for Scottish producers in a bid to boost network commissions and drive international sales, reports Broadcast. The pilot scheme has been established by Scottish Enterprise and Creative Scotland. It will provide up to €248,000 (£200,000) to independent producers. Both organisations have each committed (€620,000) £500,000 to the initiative. Producers will be expected to secure a commission from a UK network and an advance from a distributor, which will be matched by the fund.
If you watch one trailer today… Released in Ireland later this year and starring Sean Penn and Ryan Gosling, here’s the trailer for mob movie ‘Gangster Squad’.