Film Finance
In Film Finance, For CompaniesAbout BMS Finance in relation to film finance
The UK film industry has been through a period of considerable uncertainty as a result of attempts by the UK Treasury to stamp out tax avoidance via film tax shelters. Recently, substantial financial incentives, such as film tax credit provisions introduced in the Finance Act 2006, have helped revive the industry. However, the tax credits (20% if the film’s budget is up to £20m and 15% thereafter) are only available to film production companies once the relevant film has been produced and certified as being British by the UK Department of Culture Media and Sport.
To bridge the gap between day one of filming, and the time it takes for the film to be certified as being British, BMS Finance releases funds to clients secured on the tax credit yet to be granted.