The UK’s Culture, Media and Sport Committee has called on the Chancellor Rachel Reeves to use next month’s budget to bring forward tax relief to support the distribution and exhibition of independent British films.
In a letter to Reeves, the committee called for the introduction of a 25% tax relief for the prints and advertising costs of films, claiming the Independent Film Tax Credit (IFTC), as recommended in the April 2025 report on British film and high-end TV.
The committee warned that while there are early signs that the IFTC is making a difference to the industry, there are still challenges when it comes to distribution and exhibition.
The letter added that the additional tax relief has the power to generate a cycle of investment into independent British film.
The Chair of the CMS Committee, Dame Caroline Dinenage MP, said: “The introduction of the IFTC in the last budget has provided a welcome boost to our film industry, but without proper marketing, many great British films end up missing out on the audiences they deserve.
"With the government’s industrial strategy recognising film and TV as a frontier industry, the Chancellor now has the chance to follow through on the government’s commitment, support the independent film sector and demonstrate that she recognises the potential it has to drive growth and create jobs.”
The IFTC offers 40% tax relief to independent British films. Introduced by the previous conservative government, it has sparked a significant growth in lower- and medium-budget film production.
The UK Government’s Autumn Budget 2025 will be delivered on 26 November 2025.
Culture Secretary Lisa Nandy has unveiled a £60m support package for the UK creative industries, including start-up video game studios, British music and film exports and creative businesses outside of London. Discover more here.
PRS appoints Google exec Ben McOwen Wilson as CEO
Music copyright collective PRS for Music has appointed Ben McOwen Wilson as CEO.
Peacock streaming service moves into profit
Peacock, NBCUniversal’s US streaming service, has posted a profit for the first time, six years after it first launched.
Sunderland’s Crown Works studio moves closer to construction
The final details for construction of a major TV and film studio in Sunderland have been set out in a revised application submitted to the city's planning authority.
World broadcasters meet to prepare for 2028 Olympics and Paralympics
Olympic Broadcasting Services (OBS) has briefed broadcasters on production and technology preparations for the 2028 Olympic and Paralympic Games (LA28).
Paramount and WBD pause merger after legal challenges
Paramount Skydance and Warner Bros. Discovery are to delay their $110bn merger due to pending lawsuits from US states and the Writers Guild of America.
.jpg)


