On 21 August 2015, the UK Chancellor of the Exchequer George Osborne announced that the EU Commission has given State Aid approval for the planned increase in the UK's film industry tax relief. The increased relief allows for a tax credit equal to 25% of all qualifying expenditure. Under the prior rules, the 25% credit was limited to expenditure up to GBP 20 million with the excess eligible for a 20% credit. The full 25% credit will apply retroactively from April 2015. Click the following link for the full announcement on the GOV.UK website.