FPC90020 - FA06/Chapter 3: Commencement & Transition: Principal photography started on or after 1 January 2007

Films that commence principal photography on or after 1 January 2007 will all be taxed according to the new rules in FA06.

Those that meet the conditions for film tax relief (FTR) ( FPC40000) will receive that relief; other films will be subject to the basic tax provisions in FA06/SCH4 ( FPC20000).

Such films qualify as British either under a co-production agreement, or under the cultural test in force from 1 January 2007 (“second Cultural Test”) which was introduced by SI 2006/3430.