Monday 22 September 2014

Star Wars - The Attack of The Hypocrites


Disney has been given a £8M tax break by HMRC to make the next Star Wars film in Britain (Star Wars: Episode VII). The tax break is as a result of the tax credit scheme, which entitles films with costs of more than £20M to claim back up to 20% of production costs.

How ironic that dog whistle politicans have been bleating about the "evils" of tax avoidance schemes relating to investments in films!

Tax does have to be taxing.

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4 comments:

  1. This should come as no surprise, after all, Disney owns The Muppets!

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  2. Not entirely sure this is down to HMRC ..... seem to remember the chancellor taking the credit for this when it was announced

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  3. I'm a little bit surprised that you havent picked up on the connection between HMRC and the scandal of Tesco overstating their profits by £250 million. HMRC uses a concept known as Future Revenue Benefit to grossly inflate the yield figures it reports from compliance work. Is it a coincidence that Sir Richard Broadbent was chairman of HMC&E when this concept was introduced and he is now chairman of Tesco? Somehow, I think not.

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  4. Are you referring to the same concept as that of 'revenue protected'?

    ReplyDelete