Budget: Low budget films to get tax break, with restrictions

That said, the terms under which films will be able to use the film tax relief - usually paid to third parties - have been changed. Only films with a budget of less than £15m will now be entitled to the tax break. Moreover, any tax breaks which in the past could be offset against other payments for third parties, will now have to be paid direct to the film makers themselves. Brown said there had been calls for the tax loophole to be closed altogether, as it was being abused by a small minority of people, but he has since decided that was not the route to take. In order to claim ...