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UK-qualifying films budgeted up to £15m will receive 40% tax relief following the introduction of the’indie tax credit’, which aims to reinvigorate the homegrown production sector.

In the draft legislation for its upcoming Finance Bill, the UK Government has announced that the newly enhanced animation expenditure credit will be extended to include animated theatrical release films and animated TV programs.

New plans to maximize the potential of the UK creative industries and grow the economy have been set out by the national government.