Schedule 5
Finance (No. 2) Bill
2:00 pm
Theresa Villiers (Shadow Chief Secretary To the Treasury, Treasury; Chipping Barnet, Conservative)
I acknowledge that the two systems are different. I am saying only that we do not want the problems that have arisen in one area to arise in another.
Uncertainty about the time scale for the payment of film tax credits will drive up the cost of funding a film because of the increased risk involved in delays. I hope that the Government will consider accepting amendment No. 54 to inject a welcome degree of certainty into the measures. It would also be useful if the Economic Secretary indicated how long the Government expect that it will take, on average, to pay out a tax credit. Are they doing any research on the matter?