Film: Tax Allowances
The question
To ask the Chancellor of the Exchequer, whether her Department is taking to help prevent films that have had their audiovisual material created by generative AI applications from claiming the AVEC and IFTC tax credits.
Answered by Dan Tomlinson
Details on the eligibility criteria for the Audio Visual Expenditure Credit (AVEC) and Independent Film Tax Credit (IFTC) can be found here: https://www.gov.uk/guidance/claim-audio-visual-expenditure-credits-for-corporation-tax.
The Government continues to monitor the use of AI in film production and keeps the tax system under constant review.
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