FPC40010 | Qualifying films: introduction

From HM Revenue & Customs · Film Production Company Manual

CTA2009/S1195

Any film production company (FPC) must apply the provisions of FA06/SCH4 to compute the taxable profits or losses pertaining to its activities in relation to a film.

But to be eligible for Film Tax Relief the film must meet each of three conditions:

FPC40020	The film must be intended for theatrical release
FPC40030	The film must be certified as British
FPC40040	Not less than 25% of the core expenditure on the film must be UK expenditure. From 1 April 2014 this reduces to 10% for films which had not completed principal photography by that date.