Maintaining competitive tax incentives for animation

UK Animation tax credits are very successful in attracting international work, but we must maintain our global competitiveness.

HM Treasury stock photo

The Animation tax credit is very successful in attracting productions to the UK, but as other territories also seek a piece of that action, we must ensure that our animation sector remains globally competitive.

This year we will undertake a review of tax incentives in specific markets as well as gathering information a read out from our members on how we are shaping up, loss of business and trends generally with the aim to produce a “state of the nation” report in the autumn of 2019.

Animation UK will consult with HMRC, DCMS and the BFI ensuring any recommendations support inward investment and wider policies while reflecting the impact of newer offers from our international competitors.