BFI Boss on U.K.’s ‘Transformative’ New Indie Film Tax Credit: ‘My Phone Is Full of Euphoric Producers’

Wednesday’s announcement that the British government would be introducing the new Independent Film Tax Credit sparked a response that was nothing short of jubilant across the entire sector. The incentive — a 53% expenditure credit that equates to a tax relief of approximately 40% for U.K. productions with a budget of up to £15 million ($19.2 […]