Creative Skillset welcomes tax relief for Children’s TV production
As creative industries companies welcomed the decision to widen tax incentives into live Children’s television production in the Chancellor’s Autumn Statement ('16 things you should know', #14), the research and skills body for the creative industries Creative Skillset has called on the TV production community to seize its benefits.
Following the Chancellors announcement that he would extend tax relief and benefit the Children’s live television sector (animated children’s TV already receives such tax relief), Creative Skillset has called on live children’s TV producers to work with them to plan for and invest in the skills needed.
"The changes to the tax relief for children’s TV production is a real boost to the growth of our industries and needs to support developing skills and talent."
Dinah Caine CBE, CEO of Creative Skillset
Dinah Caine CBE, CEO of Creative Skillset said:
"The changes to the tax relief for children’s TV production is a real boost to the growth of our industries and needs to support developing skills and talent. Tax relief elsewhere has enabled companies to make major investments in training. High end television industry for example, has invested more than £2m in training via the High end television voluntary levy since April 2013. Now Creative Skillset with the production companies need to plan for how we work together to support children’s live TV."
Nick Catliff, MD Lion TV, the creators of Horrible Histories and a member of Creative Skillsets TV Skills Council said:
"Extending tax relief to live children’s TV is a really good way to boost growth in our sector and aid the expansion of training and skills. We have seen how this stimulates companies to invest in training and development in high-end television and animation, so it’s a smart move and important for children’s TV production in this country for the tax relief to be available to us now."
The tax changes announced in the autumn statement will be introduced from April 2015 and legislated in the Finance Bill 2015.
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The UK’s creative industries make a significant contribution to our economy and its growth and are celebrated across the globe. Over the last three years, employment within the creative industries has grown at five times the rate of the wider economy, and employment within the sector has increased by more than 10% since 2011, providing almost two million jobs.
Creative Skillset empowers the creative industries to develop skills and talent. It does this by influencing and shaping policy, ensuring quality and by securing the vital investment for individuals to become the best in their field and for businesses to grow. As the industry skills body for the creative industries, we work across film, television, radio, animation, visual effects, games, fashion, textiles, advertising, marketing communications and publishing.
The Skills Investment Funds help companies invest in the development of skills and talent in the film, high-end TV, animation, games and visual effects industries in the UK. Managed by Creative Skillset, the Skills Investment Funds attract co-investment from the creative industries and UK Government.