questionText: To ask the Chancellor of the Exchequer, if her Department will issue guidance on whether film and television productions that use generative artificial intelligence qualify for (a) the Independent Film Tax Credit and (b) rate relief for VFX spend.
answerText: From 1 April 2025, films with a UK lead writer or director and budgets of under £15 million will be able to claim an enhanced 53% rate of Audio-Visual Expenditure Credit (AVEC), known as the Independent Film Tax Credit (IFTC). Generative artificial intell...
heading: Film: Tax Allowances