Creative Industries Tax Relief 2024-01-11
2024-01-11
TAGS
Response quality
Questions & Answers
Q1
Partial Answer
▸
Context
The MP is concerned about the impact of tax relief on the growth of the creative industries. He notes that since 2012, Conservative governments have introduced tax reliefs for these sectors.
Whether her Department has made an assessment of the potential impact of tax relief on the growth of the creative industries. The creative industries are growing at twice the rate of the rest of the economy due to these measures.
Since 2012, Conservative Governments have introduced tax reliefs that support children's television, video games, production, galleries, orchestras, theatres and museums. The Labour party opposed these measures and offers no substantive action beyond warm words.
▸
Assessment & feedback
The specific assessment requested about the impact of tax relief was not addressed; instead, there is criticism of opposition parties.
Criticism Of Opposition
Response accuracy
Q2
Partial Answer
▸
Context
The MP seeks further support for the creative industries beyond existing tax reliefs, focusing on areas like children's television, video games, production, galleries, orchestras, theatres and museums.
Can my right hon. and learned Friend tell us what more she can do to ensure that we remain one of the world's leading production venues, given that matters of tax are ultimately for the Chancellor?
Independent film making has been supported with more than £60 million of Government and national lottery funding. However, matters of tax are ultimately a decision for the Chancellor. Discussions have taken place to provide further support.
▸
Assessment & feedback
The specific measures requested were not detailed; instead, it is stated that tax decisions rest with the Chancellor.
Referring Matters To Another Authority
Response accuracy
Q3
Partial Answer
▸
Context
The MP meets film, television and advertising companies concerned about UK falling behind countries offering higher rebates for commercials.
What discussions is the Secretary of State having with the Treasury and other colleagues to address concerns that Malta, Mauritius, and Ireland offer higher rebates for commercials compared to the UK?
Regular discussions with the Treasury and industry stakeholders ensure continued support. Screen sector tax reliefs have delivered over 200,000 new jobs and more than £13 billion in economic output.
▸
Assessment & feedback
The question about specific actions to maintain competitive edge was not directly answered; instead, general figures on job creation and economic output are provided.
Response accuracy