The Isle of Man's film industry is anxiously waiting to see if the UK government will tighten further the tax treatment of film ventures produced in the United Kingdom, according to a report from the Isle of Man Online news service.
Chancellor Gordon Brown announced earlier this month that the rules with regard to tax breaks for film investors would be changed in order to prevent long-running television dramas from taking advantage of tax incentives intended for film-makers. The new rules also stipulate that not only must a film be made for the cinema in order to qualify for tax breaks as a 'British' film, it must now have a British writer and director as well.
The Isle of Man is hoping that as the UK becomes less attractive as a potential location, film-makers and investors will look to the Island as a viable alternative. The Manx government currently offers productions up to 25% of the budget, which is fully recoupable.
However, Development Manager for the Isle of Man Film Commission, Hilary Dugdale told the Manx-based news service that the Commission is not planning to count its chickens.
'We will take the changes into account if and when they do occur,' she explained earlier this week.
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