UK HM Treasury has launched a public consultation on additional tax relief for visual effects costs. The consultation closes at 11:59 pm on 22 May 2024. --- Consultation on additional tax relief for visual effects costs Consultation description At Spring Budget 2024, the government announced that UK visual effects costs in film and high-end programmes will receive a 5% increase in Audio-Visual Expenditure Credit (total rate 39%). UK visual effects costs will also be exempt from the Audio-Visual Expenditure Credit's 80% cap on qualifying expenditure. These changes will take effect from 1 April 2025. This document sets out more detail...