A few days ago before Parliament closed down for the Summer there was a statement entitled Finance Bill: draft legislation and tax documents which was presented by Victoria Atkins who is the Financial Secretary to the Treasury. At the beginning of this statement Victoria stated “In line with the Tax Policy Making framework, the government is publishing draft legislation ahead of potential inclusion in the next Finance Bill. This allows for technical consultation and provides taxpayers with predictability over future tax policy changes. Alongside this, the government is making announcements in a small number of technical areas of tax policy to support the operation of the tax system” and then she continued and started to provide a list of items under the headline of Publication of draft legislation and there are a significant number of items but the third piece was the Audio-Visual which is

Reform of audio-visual creative tax reliefs: The government is publishing draft legislation to implement the modernisation and reform of the audio-visual tax reliefs into expenditure credits. The reforms include a higher rate of relief for animation and children’s TV to provide additional support for this burgeoning sector. This higher rate of relief will also be extended to animated films.