UK Animation Tax Relief Increased to 39%

One less-reported aspect of the Chancellor's Spring budget here in the UK was an increase in the tax relief granted by HMRC for UK animation to a generous 39%. 

This appears to be in response to lobbying by the UK creative industries, who have long argued that the tax credit encourages UK animation production, and nurtures domestic talent and creativity.

Here at Animation Apprentice we are delighted that the Government is supporting the UK animation industry, and we welcome the news, which will surely boost UK animation production, and create a jobs pipeline for animation graduates in the UK. 

Animation Tax Relief

To read more about the new system, and how it will work, follow this link.

https://www.animationuk.org/news/government-announces-animation-tax-relief-increase-to-39/