On 5 December 2013, the Chancellor of the Exchequer presented the Autumn Statement to Parliament. Following the Autumn Statement, background documents were published which contained details of proposed tax measures, some of which were not announced in the Autumn Statement. The main business tax measures, whether from the Autumn Statement itself or from the background documents, are set out below. Film tax relief The rate of film tax credit for surrenderable losses will be: - 25% of the first GBP 20 million of qualifying core expenditure; and - 20% thereafter. In either case, there is a ceiling of 80% of...