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Clause 32 - Film tax relief

Part of Finance (No. 2) Bill – in a Public Bill Committee at 5:15 pm on 6th May 2014.

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Photo of Nicky Morgan Nicky Morgan Minister for Women, The Financial Secretary to the Treasury 5:15 pm, 6th May 2014

My hon. Friend is right. That change is important and was valuably highlighted by the Public Accounts Committee, of which he is a member.

Since the introduction of film tax relief in 2007, direct employment in the sector has almost doubled and 1,050 film productions have made 1,900 claims for a total of £1.1 billion. The changes in the clause modernise existing film tax relief to encourage the production of culturally relevant British and EEA films.