• April 2020

    MonTueWedThuFriSatSunTax week
    --1   2   3   4   5   52
    6   7   8   9   1011121
    131415161718192
    202122232425263
    27282930---4
    • 6th - Start of 2020-2021 tax year
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 13th - Easter Monday (E,W,NI)
    • 10th - Good Friday (E, W, NI, S)
  • May 2020

    MonTueWedThuFriSatSunTax week
    ----1   2   3   4
    4   5   6   7   8   9   105
    111213141516176
    181920212223247
    252627282930318
    • 8th - May Bank Holiday (E,W,NI,S)
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 25th - Spring Bank Holiday (E,W,NI,S)
    • 31st - Employee P60s due
  • June 2020

    MonTueWedThuFriSatSunTax week
    1   2   3   4   5   6   7   9
    8   9   101112131410
    1516171819202111
    2223242526272812
    2930-----13
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
  • July 2020

    MonTueWedThuFriSatSunTax week
    --1   2   3   4   5   13
    6   7   8   9   10111214
    1314151617181915
    2021222324252616
    2728293031--17
    • 6th - Forms P11D, P11D(b) and P9D due
    • 6th - Form 42 Due
    • 12th - Battle of the Boyne - Bank Holiday (NI)
    • 19th - HMRC cheque payments due
    • 19th - Payment of 2019/20 Class 1A NIC due
    • 22nd - HMRC BACS payments due
    • 31st - Payment of 2019/20 Class 2 NIC due
  • August 2020

    MonTueWedThuFriSatSunTax week
    -----1   2   17
    3   4   5   6   7   8   9   18
    1011121314151619
    1718192021222320
    2425262728293021
    31------22
    • 3rd - Summer Bank Holiday (S)
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 31st - Summer Bank Holiday (E,W,NI)
  • September 2020

    MonTueWedThuFriSatSunTax week
    -1   2   3   4   5   6   22
    7   8   9   1011121323
    1415161718192024
    2122232425262725
    282930----26
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
  • October 2020

    MonTueWedThuFriSatSunTax week
    ---1   2   3   4   26
    5   6   7   8   9   101127
    1213141516171828
    1920212223242529
    262728293031-30
    • 5th - Personal Income Tax Statement
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 31st - Paper Self Assessment Tax Return Deadline
  • November 2020

    MonTueWedThuFriSatSunTax week
    ------1   30
    2   3   4   5   6   7   8   31
    9   10111213141532
    1617181920212233
    2324252627282934
    30------35
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 30th - St. Andrew's Day (S)
  • December 2020

    MonTueWedThuFriSatSunTax week
    -1   2   3   4   5   6   35
    7   8   9   1011121336
    1415161718192037
    2122232425262738
    28293031---39
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 25th - Christmas Day
    • 26th - Boxing Day
  • January 2021

    MonTueWedThuFriSatSunTax week
    ----1   2   3   39
    4   5   6   7   8   9   1040
    1112131415161741
    1819202122232442
    2526272829303143
    • 1st - New Year's Day
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 31st - Online Self Assessment Tax Return Due
  • February 2021

    MonTueWedThuFriSatSunTax week
    1   2   3   4   5   6   7   44
    8   9   101112131445
    1516171819202146
    2223242526272847
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
  • March 2021

    MonTueWedThuFriSatSunTax week
    1   2   3   4   5   6   7   48
    8   9   101112131449
    1516171819202150
    2223242526272851
    293031----52
    • 17th - St. Patrick's Day (NI)
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
UK Tax Week

   19 Oct - 25 Oct

92

 

Take A Break: Co-Production and Maximising Tax Incentives

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Summary

A summary of the highlights from the BAFTA Take A Break: Co-Production and Maximising Tax Incentives event, held at BAFTA on Thursday 22nd January 2015.

BAFTA Take A Break Event

Sargent-Disc was delighted to support the Take A Break Co-Production and Maximising Tax Incentives event which was held at BAFTA on Thursday 22nd January.

 

The extremely well attended event was chaired by Isabel Davis (Head of International - BFI) who led an excellent panel in an informative discussion which covered the key changes to the enhanced Irish Section 418 tax incentive and the opportunities they offer to production companies.

 

1

 Photo credit: BAFTA/Jonathan Birch

 

The panel featured Mark Byrne - Head of Business Affairs, Element Pictures, James Flynn - Managing Director/Irish Co-Producer, Octagon Films, John Gleeson - Partner and Head of Media, Grant Thornton and Frith Tiplady - Head of Production Drama, Tiger Aspect.

 

John Gleeson opened the discussion with a helpful breakdown of the enhanced tax incentive (Section 481) covering details including qualifying spend, eligibility and the different stages of the process.

 

The key changes are:


- The rate of tax relief has been increased to a maximum of 32% of eligible expenditure.

- The criteria for eligible expenditure have been expanded.

- The process for applying and obtaining the tax relief has been made more flexible.

 

Click here to find out more about Section 481 from The Irish Film Board.

 

The panel discussion addressed questions such as "What does the enhanced tax credit mean for UK and Irish producers?" with the panel unanimous that the enhanced tax relief is a very welcome move providing producers with greater flexibility both financially and creatively. It allows producers to use different funding models to take advantage of the tax incentives available in both the UK and Ireland, and with the Irish tax relief set at a lower budget rate it provides opportunity for lower budget feature film and TV drama.

 

The panel highlighted that in addition to the financial benefits, the enhanced tax relief also allows producers to make sensible and economical shooting schedules across the two locations. Frith Tiplady was keen to point out that the real strength of Dublin is as a shooting location with a huge range of historic locations within one city. James Flynn explained that the tax relief also generates greater diversity of talent and creates opportunities to work with new people on new projects.

 

With both the Irish Film Board and the BFI focusing on introductions and networking, the relationship between the UK and Ireland looks set to go from strength to strength. 

 

The event was followed by a networking reception. 

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